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By definition of global trade, the locally beneficial industries won't survive if the firms in the west take off - those firms will undercut even developing wor
by intended 10y ago
By definition of global trade, the locally beneficial industries won't survive if the firms in the west take off - those firms will undercut even developing world prices and sell to those markets.
The question is what do those markets offer in return?
- beaconstudios 10y agonot necessarily, with logistical costs to transport goods. The alternative is that those firms start up local factories, but then that's helping the local economy. With digital goods, many Western products aren't translated or localised. Even with translation, there are a lot of cultural artefacts built into software products that may translate to a poor user experience in other cultures.