It's not just most-improved, it's actually the best economic system in large countries (thus more easily corrupt) that were not benefactors of classical imperialism if all you care about is development. This is simply an incontrovertible fact - India, Nigeria, Congo, etc... were in similar initial conditions and fared much worse economically.
Far from being worse than liberal capitalist economies - which are the majority of the world - it's 73 in GDP PPP per capita out of 193 - solidly above average.
It's also not had a period of high growth, it is still having a period of high growth, with 2.4% growth in 2020 which is by far the highest out of all major economies, and a predicted 7.3% next year. This is better than a lot of low income countries, coming from a medium-high income country.
It's also set on escaping the middle income trap in 2-5 years as GDP per capita goes above 12500$, which is something that most liberal capitalist economies cannot achieve.
So no, it's really not just in relative sense. In performance with its current position, it really is doing better than alternate models of liberal capitalism, and by quite a margin.
I don't support the political reality that makes it work at all, but it is clear that liberal capitalism is not the undisputed king anymore.
Far from being worse than liberal capitalist economies - which are the majority of the world - it's 73 in GDP PPP per capita out of 193 - solidly above average.
It's also not had a period of high growth, it is still having a period of high growth, with 2.4% growth in 2020 which is by far the highest out of all major economies, and a predicted 7.3% next year. This is better than a lot of low income countries, coming from a medium-high income country.
It's also set on escaping the middle income trap in 2-5 years as GDP per capita goes above 12500$, which is something that most liberal capitalist economies cannot achieve.
So no, it's really not just in relative sense. In performance with its current position, it really is doing better than alternate models of liberal capitalism, and by quite a margin.
I don't support the political reality that makes it work at all, but it is clear that liberal capitalism is not the undisputed king anymore.