The Most Impressive Economic Rise in History

Source: Harvard Business Review, Clay Christensen Published: December 2018

Source: Harvard Business Review, Clay Christensen
Published: December 2018

The Most Impressive Economic Rise in History

Circulated: January 07, 2019

China is the world’s second-largest economy. Its per capita income hovers above $8,000 — enough to put it in the World Bank’s upper-middle-income category. Over the past 30 years, China has lifted close to 1 billion people out of extreme poverty — arguably the most impressive economic rise of any nation in history. In 1992, however, Chinese per capita income was just $366 — $49 less than Ghana’s.