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Exactly. Such a policy should work, on paper at least, in places like China or some SE Asian countries. It won't in places like South Korea or other places wher
by ddebernardy 8y ago
Exactly. Such a policy should work, on paper at least, in places like China or some SE Asian countries. It won't in places like South Korea or other places where consumers are mostly indebted (in which case they repay them instead of consuming more) or buying cheap goods from China or SE Asia (in which case manufacturers from those countries benefit most).