But starting in 1978 in China, they have ditched these ideological anchors for more market-oriented approaches that have let them catch up to where they should have been all along -- and fast. Now, that doesn't mean policy is perfect; just that it's much, much less imperfect than it used to be. That's all it takes to become a growth miracle. (And that's why Scott Sumner thinks North Korea could grow faster than any other country in history if it reforms).
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