2 ms·
You got it backward buddy. If Western countries imported workers, they would not need to externalize their industry. As a result, third-world countries will rem
by csomar 5y ago
You got it backward buddy. If Western countries imported workers, they would not need to externalize their industry. As a result, third-world countries will remain as poor and undeveloped as 30 years ago.
Offshoring basically transferred some of the wealth from the bottom middle-class/lower-class to the developing/poor world. The arbitrage value went to some lucky dudes who knew how to play these international games.
But these days are over. And it's hitting poor countries hard and making illegal immigration a more apparent problem.