Although countries such as china and india are currently relatively poor, their economies are already large in absolute terms and growing more rapidly than those of many advanced nations.

True.

Explanation:

This statement is true because China and India, while still very poor countries, have made great strides in the development of the country in recent decades through capitalist reforms such as economic decentralization and trade liberalization from the 1970s and 1980s, allied to low taxation, low regulation and bureaucracy, which strongly contributed to the predominance of the private sector in such countries.

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