Liu Jin/AFP/Getty Images
The new China meets the old one.
A new economics paper is getting attention and looks quite interesting.
China was a major world power and technologically advanced nation until the late 1200s. Then, its technological edge disappeared until, well, 1979.
The answer, according to this author: trade. When China was open to trade, its technology advanced. When China wasn't open to new inventions and new ideas, it retreated.
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