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Most East Asian countries have a huge advantage in labor cost. If they don’t have one now, they often did in the past during the ascent. That’s basically the de
by cottager2 5y ago
Most East Asian countries have a huge advantage in labor cost. If they don’t have one now, they often did in the past during the ascent. That’s basically the definition of zero-sum. Yes, worker productivity increases over time, so the size of the pie grows, but how those gains are distributed is zero-sum. It’s not clear to me that growing your power, e.g. receiving more of the pie, somehow leads to you increasing productivity more later.