Communist Billionaires

Sarah Best

14th February 2019

A short video from Bloomberg looking at why Communist China has so many billionaires.

In the late 1970s, China opened up to foreign investment and very quickly moved from a primarily agricultural economy to manufacturing. This has led to the country becoming the world's second largest economy. Part of that success can also be attributed to the country's focus in more recent years on high-tech manufacturing including mobile phones and software.

The video could be used within the Global Development unit and within Theory and Methods (Marxism).

Sarah Best

Sarah is a passionate full-time Head of Sociology and Psychology and has worked in a variety in schools in the UK, and she is currently working in a British international school. She is keen to develop and boost the profile of both subjects.

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