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> It's kind of interesting how India decided that free trade with 30% of the world is less valuable than protecting its manufacturing from china India isn't pr
by disown 6y ago
> It's kind of interesting how India decided that free trade with 30% of the world is less valuable than protecting its manufacturing from china
India isn't protecting it's manufacturing from china, but rather ASEAN. China has already moved up the manufacturing value chain. The low end stuff has been getting shipped to ASEAN countries for more than a decade.
> If India adopted the chinese model (what americans call "cheating")
The "chinese" model is actually the american model. It's what japan and the asian tigers all modeled their economy around.
> it could probably compete against china even with a free trade arrangement, but they're probably not going to do that.
Compete in what capacity? China and India are in different leagues now. It's sad that people really believe the nonsense they read on the news. India is even behind ASEAN countries like vietnam when it comes to manufacturing.
Nothing you wrote made any sense.
- 5986043handy 6y agoIndeed the fact that China's econ is shifting away from manufacturing is not well known [1] [1] https://www.worldfinance.com/markets/chinas-transitioning-economy https://www.worldfinance.com/markets/chinas-transitioning-ec...