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Assignment:
1) It is widely believed that free market economy and democratic political system will lead to better economic growth. Some question this belief by citing the case of India and China in the past 40 years: China has outgrown India significantly despite having a totalitarian regime (From 1980 -2020, per capita GDP went from $267 to $1,901 in India, from $195 to $10,500 in China).
What do you think?
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