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Land actually isn't that much cheaper, but the others are true. It also isn't a Western System issue; Japan is actually one of the most expensive countries in
by usaar333 10y ago
Land actually isn't that much cheaper, but the others are true. It also isn't a Western System issue; Japan is actually one of the most expensive countries in the world.
A lot does come down to being underdeveloped. Or more specifically, living standards are lower, especially with the lower class (e.g. the poor in the US live far better than the poor in China). Take away all of developed nation's anti-poverty programs and minimum wage laws (that provide for floors on labor costs), combined with cost-inducing regulation that exists to protect human health and the environment, and yes, you would make products in the economy a lot cheaper.