full transcript

From the Ted Talk by Yasheng Huang: Does democracy stifle economic growth?

Unscramble the Blue Letters

So let me call it the Shanghai mdeol of economic growth, that emphasizes the following features for promoting eomcnioc development: infrastructures, airports, highways, bridges, things like that. And you need a strong government to do that, because you cannot respect pavitre property rights. You cannot be constrained by the public's opinion. You need also state ownership, especially of land assets, in order to build and roll out inuftrrcstuears very quickly. The implication of that model is that democracy is a hancdinre for economic gotrwh, rather than a facilitator of economic growth. Here's the key question. Just how important are infrastructures for economic growth? This is a key issue. If you believe that infrastructures are very important for economic growth, then you would argue a strong government is necessary to promote growth. If you believe that infrastructures are not as important as many poeple believe, then you will put less emphasis on strong government.

Open Cloze

So let me call it the Shanghai _____ of economic growth, that emphasizes the following features for promoting ________ development: infrastructures, airports, highways, bridges, things like that. And you need a strong government to do that, because you cannot respect _______ property rights. You cannot be constrained by the public's opinion. You need also state ownership, especially of land assets, in order to build and roll out _______________ very quickly. The implication of that model is that democracy is a _________ for economic ______, rather than a facilitator of economic growth. Here's the key question. Just how important are infrastructures for economic growth? This is a key issue. If you believe that infrastructures are very important for economic growth, then you would argue a strong government is necessary to promote growth. If you believe that infrastructures are not as important as many ______ believe, then you will put less emphasis on strong government.

Solution

  1. growth
  2. economic
  3. infrastructures
  4. private
  5. model
  6. hindrance
  7. people

Original Text

So let me call it the Shanghai model of economic growth, that emphasizes the following features for promoting economic development: infrastructures, airports, highways, bridges, things like that. And you need a strong government to do that, because you cannot respect private property rights. You cannot be constrained by the public's opinion. You need also state ownership, especially of land assets, in order to build and roll out infrastructures very quickly. The implication of that model is that democracy is a hindrance for economic growth, rather than a facilitator of economic growth. Here's the key question. Just how important are infrastructures for economic growth? This is a key issue. If you believe that infrastructures are very important for economic growth, then you would argue a strong government is necessary to promote growth. If you believe that infrastructures are not as important as many people believe, then you will put less emphasis on strong government.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
economic growth 19
capita gdp 5
political reforms 5
life expectancy 4
strong government 3
longer system 3
east asian 3
authoritarian governments 3
cultural revolution 3
human capital 3
indian women 3
political system 3
gdp growth 2
compare india 2
asian model 2
indira gandhi 2
huge advantage 2
garment factories 2
overtake china 2
explain change 2
fixed effect 2
dynamic perspective 2

ngrams of length 3

collocation frequency
east asian model 2

Important Words

  1. airports
  2. argue
  3. assets
  4. bridges
  5. build
  6. call
  7. constrained
  8. democracy
  9. economic
  10. emphasis
  11. emphasizes
  12. facilitator
  13. features
  14. government
  15. growth
  16. highways
  17. hindrance
  18. implication
  19. important
  20. infrastructures
  21. issue
  22. key
  23. land
  24. model
  25. opinion
  26. order
  27. ownership
  28. people
  29. private
  30. promote
  31. promoting
  32. property
  33. put
  34. question
  35. quickly
  36. respect
  37. rights
  38. roll
  39. shanghai
  40. state
  41. strong