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Compare the current situation with Japan’s rise in high tech. Japan voluntarily accepted the Plaza Accords, that somewhat slowed them down, and I believe that l
by mark_l_watson 3y ago
Compare the current situation with Japan’s rise in high tech. Japan voluntarily accepted the Plaza Accords, that somewhat slowed them down, and I believe that lead to a few decades of economic stagnation for them.
The Chinese are resisting similar treatment but they have other problems that will slow them down, demographics of not enough young workers being a good example.
- Simulacra 3y agoWell, there is a population issue in China, a lack of men, and lack of couples having babies. India is overtaking China as having the most people.