Why has China been so successful?

It all goes back to the policy decisions of the 1970s, Khanna says.

Parag Khanna: China's rise has been so successful, not only because of the smart policy decisions that they took from 1970 onwards, in terms of opening to the global economy, in the way in which they have directed resources towards production and export. But it's also that global economy itself that has catapulted and raised China's rise. Because China is the globalized super power without globalization; it wouldn't be able to harness or achieve that kind of revenues that it has from the global market place.
So China is poster child for global economic integration leading to greater national power. And that is the #1 reason why China is rising.
 
Recorded on: 3/3/2008