VOICED : Economic challenges confronting China's

The video discusses the evolution and challenges of economic growth models, particularly focusing on China's experience. It highlights the unsustainability of the current model due to debt accumulation and stresses the need for earlier changes. The historical context of model formalization is also touched upon.

What was the main reason the growth model that served China well became unsustainable?

• Lack of technological advancement

• Increase in foreign investments

• Significant buildup of debt

• Decrease in population

What could have potentially mitigated the economic strain mentioned in the transcript?

• Reduction in government spending

• Earlier adaptation of the growth model

• Increased foreign trade

• Higher taxation

What is implied as a consequence of not changing the growth model earlier?

• Significant debt accumulation

• Technological advancements

• Economic prosperity

• Increased foreign investments

What does the final section of the transcript suggest about the growth model?

• It was never formalized

• It was only used in China

• It was a recent development

• It has historical roots

Which of the following best describes the historical context of the growth model?

• It was developed in the 21st century

• It was first used in Europe

• It has been in use for a very long time

• It was a temporary solution