China’s Development a Reflection of The PRC Gaining the Mandate of Heaven

Abstract

This last century will always be remembered if for nothing at all but for the countless revolutions (big and small) that rocked civilizations across the globe. The contribution made by majority of these unforgettable revolutions to the development of their respective countries today is negligible. One of such countries is Ghana (where I come from); which had her own share of revolutions in the past but remains economically stunted. China on the contrary has benefited immensely from one of such revolutions. Today the China is the main river to the world’s economy sea. It was not by coincident that a highly rated and prestigious like the International Monetary Fund (IMF), will rate China as the leading economic superpower (thus succeeding the United States in relations to the purchasing power parity of GDP indicator). According to the IMF China produced 17% of the entire world’s gross domestic product in 2014 surpassing USA’s GDP contribution of 16%. As reported by the World Economic Forum, China’s economy prevails as the single largest grantor to the world GDP growth. The Chinese contribution to universal growth is indeed, 50% preponderant than the united 0.8% contribution conceivably to be made by all of the purported advanced economies. It is more startling to note that, it took the country less than forty years to achieve these feet. Today whatever plays down in the Chinese economy whether positive or negative will have its consequences on the world’s economy and there is countless evidence to support this claim. The question that lingers in the mind of many including development theorists remains; how did they do it? Surprisingly the answer is not far-fetched.

Keywords: Development, Revolution, Governance, Economy, Gross Domestic Product (GDP), Policies