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Similarly each country has had its share of hardships economically due to the governmental controls imposed, which plays a role in how each country conducts business today, so it is important to attend to these factors as well.
The People’s Republic of China is the fourth largest economic power in the world in terms of nominal GDP. The history of China’s economy beginning with the Communist Party’s reform from a Democratic, capitalist economy, and brought them to a Soviet modeled plan in the hopes of making poverty a thing of the past. Already, there is a correlation between China and India, both coming from humble beginnings where poverty was a central issue...
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