South Korea’s recent history shows how a vibrant economy can lead to the emergence of a large middle class — and, with it, demands for democratization.
South Korea's President Yoon Suk-yeol meets with Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia. November 15, 2022. Credit: UPI via Alamy
In October, the 20th Congress of the Communist Party of China endorsed another five-year term for President Xi Jinping, effectively ending the practice of limiting the presidency to two terms. It was thus also an unmistakable break with the tradition of collective leadership established in the late 1970s, after the end of Mao Zedong’s one-man rule.
China is the most notable recent case of simultaneous economic growth and increasing authoritarianism. But it is not the first. Not long ago, So
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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