Synopsis of the book
‘THE ELEPHANT & THE DRAGON’
By Robyn Meredith

As demonstrated in India & China, globalization never hurt the poor as was widely claimed by the activists protesting globalization.
China’s story
China opened its economy to the outside world in 1978. This led to a five-fold increase in average incomes.
China has had a sickening history during the times of Mao-Tse- Tung before its rise in the world . In pursuing his vision of egalitarianism (which is the basis of communism), he collectivized all land and paid peasants based on collective revenue. This only entrenched famine. Deng Xiopang, the architect of Modern China, who came in Mao’s wake decollectivized land, re-allowed trade of produce from privately owned land and China’s harvests grew back to decent shape. Keep Reading