Re:A hacker stole $31M of Ether – how it happened, and what ...
by Jabanga on Sunday July 23, 2017 @07:34AM
(#14831782)
Share of employees working in the public sector is a more narrow statistic than the total role of government in the economy. The share of GDP consisting of government spending is a better measure of that. The correlation between the size of government, as percentage of GDP, and GDP growth, is strong. [1]
China has substantially lower levels of social welfare spending. Its healthcare spending as a percentage of GDP is 5.5% for example [2].
Labour regulations are also much less onerous. You can use IQ tests to filter candidates for example, which would be extremely illegal in the West.
China has substantially lower levels of social welfare spending. Its healthcare spending as a percentage of GDP is 5.5% for example [2].
Labour regulations are also much less onerous. You can use IQ tests to filter candidates for example, which would be extremely illegal in the West.
[1] http://ime.bg/uploads/335309_OptimalSizeOfGovernment.pdf
[2] http://data.worldbank.org/indicator/SH.XPD.TOTL.ZS?locations...