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Myth: Demography is destiny.Reality: Here, too, there are many variations on a theme: too many people,too few people, high rates of population growth, and asda unsecured loans as well so on. As mentioned in the previous essay, though, the growth rate of productivity is far more important than demographic size or money money lyrics and growth. Case in point: demographic giants such as asda unsecured loans China and money driven medicine as well India (where population growth is also asda unsecured loans and high) have been able to expand their economies rapidly. Moreover, evidence from low apr unsecured loans and a large number of countries shows that as asda unsecured loans their economies grow more rapidly and their people prosper (and become healthier), birth rates decline. Myth: Growth first, then money money mamma mia democracy. Reality: Some autocratic governments in Asia (e.g., China) have suggested that democracy is inherently unfriendly to rapid economic growth, in part because asda unsecured loans and tough economic decisions are harder to make and enforce in a democracy than in a dictatorship.However, this flies in the face of the reality that the first two economies to take off— Britain and young money records as well the United States—did not have autocratic governments. Moreover, India seems to have engineered Asian-type growth in recent years, despite having a very messy democracy. Myth: Low wages are one of the key ingredients of rapid growth in Asia. Reality: Nothing could be further from asda unsecured loans and the truth. The real “secret” of Asian success is rapid productivity gains. For example, since 2000, China’s wages have doubled, but money market interest rates and its productivity has risen almost fourfold. In fact, if low wages were the secret to success, Africa would be the star region of the global economy. It is not. (For more on this topic, see the essay on page 151,“Stop Worrying about asda unsecured loans and the Rise of China, India, and making extra money as well Other Emerging Markets.”)
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