--- title: "Meaning & Key Takeaway of: The consequence of all this absolutist…" description: "\"“The consequence of all this absolutist control of the economy was predictable: the Chinese economy was stagnant throughout the nineteenth and early tw..." image: "https://sms4smile.com/quotes/i/a5f/daron-acemo-lu-4415_quote_the-consequence-of-all-this-absolutist-c_2210733.jpg" --- # The consequence of all this absolutist control of the… ![“The consequence of all this absolutist control of the economy was predictable: the Chinese economy was stagnant throughout the nineteenth and early twentieth centuries while other economies were industrializing. By the time Mao set up his communist regime in 1949, China had become one of the…” quote by Daron Acemoğlu](https://sms4smile.com/quotes/i/a5f/daron-acemo-lu-4415_quote_the-consequence-of-all-this-absolutist-c_2210733.jpg) [Download](https://sms4smile.com/quotes/i/a5f/daron-acemo-lu-4415_quote_the-consequence-of-all-this-absolutist-c_2210733.jpg) [Open image](https://sms4smile.com/quotes/i/a5f/daron-acemo-lu-4415_quote_the-consequence-of-all-this-absolutist-c_2210733.jpg) > ““The consequence of all this absolutist control of the economy was predictable: the Chinese economy was stagnant throughout the nineteenth and early twentieth centuries while other economies were industrializing. By the time Mao set up his communist regime in 1949, China had become one of the poorest countries in the world. T”” [Daron Acemoğlu](https://sms4smile.com/quotes/author/daron-acemo-lu/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Historical economic isolation kept China stagnant, while openness spurred industrialization elsewhere, highlighting the cost of absolutist control. **In simple terms:** Closed economies hinder growth. Key Takeaway Embrace openness for development. Themes economic policy history development industrialization Mood analytical reflective Type historical analytical When to use this quote - policy reform - economic liberalization - educational curricula - international aid Key Concepts comparative advantage institutional economics global trade Questions to Reflect On - What lessons can modern economies learn from China’s past? - How can openness be balanced with stability? A Different Perspective Transitioning economies may face social upheaval. ★ ★ ★ ★ ★ No ratings yet ## Related quotes > [I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we…](https://sms4smile.com/quotes/david-wessel/i-think-the-one-thing-that-s-going-on-here-is-that-people-are-saying/) [David Wessel](https://sms4smile.com/quotes/author/david-wessel/) > [When I was in government, the South African economy was growing at 4.5% - 5%. 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