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Or that being agreeable with already established economies, ie the west, allows you to get in on the pyramid scheme early? The longer term impact for global de

Or that being agreeable with already established economies, ie the west, allows you to get in on the pyramid scheme early? The longer term impact for global development is explored by Dani Rodrik """This means countries are running out of industrialization opportunities sooner and at much lower levels of income compared to the experience of early industrializers""" https://www.sss.ias.edu/files/papers/econpaper107.pdf https://www.sss.ias.edu/files/papers/econpaper107.pdf Does it bother you at all that you took a simple set of numbers, largely devoid of context, and then waved your hands with some math and made a huge conclusion? No relevance to the subject of the original post we are discussing here? I think its a direct example of Premature Mathiness but I suspect you'll disagree :)

logicchains 9y ago
If you don't like numbers, why not come to Asia sometime and see what people here have achieved, see the standard of living they enjoy, and compare it to pictures of the same places 60 years ago? Or go to the poorest regions in China, which are still richer than most of Asia was 60 years ago, and see the difference. Calling it a "pyramid scheme" is frankly absurd, given the tangible increases in quality of life that have been achieved. >"""This means countries are running out of industrialization opportunities sooner and at much lower levels of income compared to the experience of early industrializers""" >https://www.sss.ias.edu/files/papers/econpaper107.pdf https://www.sss.ias.edu/files/papers/econpaper107.pdf >Does it bother you at all that you took a simple set of numbers, largely devoid of context, and then waved your hands with some math and made a huge conclusion? No relevance to the subject of the original post we are discussing here? How was what I posted not relevant? The person I was replaying to asserted that there was no basis to make comparisons between the effects of different degrees of liberalism, I presented an example refuting that. If anything the link you posted seemed less relevant: how does a reduction in industralisation opportunities relate to the ability to make comparisons between different economic systems?
- WhatIsDukkha 9y ago
  Simply put, the gains Asia made in becoming the microchip and refrigerator manufacturing SOLE SOURCE for the world will not be replicated in Africa and South America. "Relevance" wasn't the metric. The metric was you very directly seeing numbers at hand and then using the math tool you had and coming to a broad, simplistic and wrong answer about whether "liberalization" is the way forward in 2017. Many many mainstream economists are increasingly disagreeing with your simplistic and ideological model.
  - logicchains 9y ago
    >Simply put, the gains Asia made in becoming the microchip and refrigerator manufacturing SOLE SOURCE for the world will not be replicated in Africa and South America. >"Relevance" wasn't the metric. The metric was you very directly seeing numbers at hand and then using the math tool you had and coming to a broad, simplistic and wrong answer about whether "liberalization" is the way forward in 2017. Then if liberalisation is not the way forward, how will countries in Africa and South America be better served by denying opportunities to them and the people in them?
    - WhatIsDukkha 9y ago
      It's very unclear what the way forward is, and that is the problem.

logicchains 9y ago

If you don't like numbers, why not come to Asia sometime and see what people here have achieved, see the standard of living they enjoy, and compare it to pictures of the same places 60 years ago? Or go to the poorest regions in China, which are still richer than most of Asia was 60 years ago, and see the difference. Calling it a "pyramid scheme" is frankly absurd, given the tangible increases in quality of life that have been achieved. >"""This means countries are running out of industrialization opportunities sooner and at much lower levels of income compared to the experience of early industrializers""" >https://www.sss.ias.edu/files/papers/econpaper107.pdf https://www.sss.ias.edu/files/papers/econpaper107.pdf >Does it bother you at all that you took a simple set of numbers, largely devoid of context, and then waved your hands with some math and made a huge conclusion? No relevance to the subject of the original post we are discussing here? How was what I posted not relevant? The person I was replaying to asserted that there was no basis to make comparisons between the effects of different degrees of liberalism, I presented an example refuting that. If anything the link you posted seemed less relevant: how does a reduction in industralisation opportunities relate to the ability to make comparisons between different economic systems?

WhatIsDukkha 9y ago
Simply put, the gains Asia made in becoming the microchip and refrigerator manufacturing SOLE SOURCE for the world will not be replicated in Africa and South America. "Relevance" wasn't the metric. The metric was you very directly seeing numbers at hand and then using the math tool you had and coming to a broad, simplistic and wrong answer about whether "liberalization" is the way forward in 2017. Many many mainstream economists are increasingly disagreeing with your simplistic and ideological model.
- logicchains 9y ago
  >Simply put, the gains Asia made in becoming the microchip and refrigerator manufacturing SOLE SOURCE for the world will not be replicated in Africa and South America. >"Relevance" wasn't the metric. The metric was you very directly seeing numbers at hand and then using the math tool you had and coming to a broad, simplistic and wrong answer about whether "liberalization" is the way forward in 2017. Then if liberalisation is not the way forward, how will countries in Africa and South America be better served by denying opportunities to them and the people in them?
  - WhatIsDukkha 9y ago
    It's very unclear what the way forward is, and that is the problem.