4 ms·
It also happened over a hundred years ago. We are now in the 'modern era' and international trade is a much bigger part of any economy. The World Bank statistic
by zip1234 8y ago
It also happened over a hundred years ago. We are now in the 'modern era' and international trade is a much bigger part of any economy. The World Bank statistics only go back to 1960, but since that time the % of economy that is trade has gone from 25% to 50%. Much more significant to steal technology today.
https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS
- paganel 8y agoI’d say international trade was a bigger part of the world’s GDP back in the late Antiquity- going well into the Middle Ages, that is back when most of the know-how migrated from East to West (from water mills to the silk industry, gun powder etc). I think the world was a better place because the Europeans got to “steal” that know-how, I’m saying the world will be a better place if the Chinese (or the Indians) get to “steal” today’s latest know-how. Of course, if you’re a US citizen whose pension money was invested in US companies and their IP assets then I agree, the situation is less than ideal, but in the great scheme of things and for humanity as a whole I think that the pluses are bigger than the local minuses, so to speak.