4 ms·
Yeah, but that cost differential was dependent on a political choice to allow imports from poorer countries. There's no law of the universe that required this
by disgruntledphd2 6y ago
Yeah, but that cost differential was dependent on a political choice to allow imports from poorer countries.
There's no law of the universe that required this to be so.
To a large extent, it's the removal of capital controls and the signing of trade agreements that facilitated this, and those were 100% political choices.