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I agree - China is NOT going through the same trajectory as developed countries. China's population is multiple times greater, which creates far greater segment
by thkim 11y ago
I agree - China is NOT going through the same trajectory as developed countries. China's population is multiple times greater, which creates far greater segmented market and demand. World is also going through information technology revolution -- explosive increase in productivity, extremely pace of information dissemination. It's just not the same and nobody can be sure what it's going to be like.
- TheLogothete 11y ago>World is also going through information technology revolution -- explosive increase in productivity I thought so too. But it doesn't seem to be the case. Growth in productivity has been in steep decline over the last 50 years. http://www.economist.com/node/21695071 http://www.economist.com/node/21695071