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I'm not sure the economic ladder idea works anymore. The idea was that there's a ladder for economic development starting with agriculture, then textiles then c
by netcan 11y ago
I'm not sure the economic ladder idea works anymore. The idea was that there's a ladder for economic development starting with agriculture, then textiles then clothes, electronics. Asian countries got on the ladder on different points and followed it to certain extents.
But, I think this doesn't make much sense anymore. As the article mentions, "cheap labour" doesn't get you as far these days.