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I'm not picking on Taiwan when I say that some aspects of their fortunes are based on passing the buck to the next developing nation. As you point out, this is
by jhancock 17y ago
I'm not picking on Taiwan when I say that some aspects of their fortunes are based on passing the buck to the next developing nation. As you point out, this is the well worn path of economic development. I don't ascribe moral value to this or any economic model. This path assumes an inexhaustible supply of developing nations. In the economic models you refer, which nation(s) absorb China's workload? If there is no society left to offload to, the demand side must be reconciled (this now includes China domestic consumption). I don't see the U.S. or China taking this reconciliation well.