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one of the reasons Japan/Taiwan/SK's economies are so strong is because - you guessed it - China is a major importer of their produced goods. without disposabl
by maximente 7y ago
one of the reasons Japan/Taiwan/SK's economies are so strong is because - you guessed it - China is a major importer of their produced goods.
without disposable income they have gained from something over the last few decades, they aren't importing massive amounts of goods from their neighbors.
- dmix 7y agoNow imagine if China opened up their market earlier and had fair independent courts and political systems where they could attract other country's companies, talent, and money 10x easier without fear of it being stolen or squeezed out. They'd all be doing even better.