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Move from primary to secondary and then tertiary or just jump to tertiary or even reach quanternary sector Talking about three sector theory
by forkLding 9y ago
Move from primary to secondary and then tertiary or just jump to tertiary or even reach quanternary sector
Talking about three sector theory
- imtringued 9y agoI think the parent implies that automation and lack of capital to invest into automation will make those sectors inaccessible to untrained and unskilled people in developing countries. Usually inequality between countries or people is reduced by rich and poor trading with each other. But what if the poor have nothing to offer to the rich? Then the only option is to work for their own sustenance which means farming.
- thriftwy 9y agoThere's this saying about comparative advantage. But what happens when poor country doesn't have any comparative advantages over rich country? Or a few really tiny and disgusting ones which definitely won't support hundreds of millions people?