3 ms·
> The real question is why all the capital formation seems to have been in Asia for the last 50 years. Is there any doubt? If you spend less than you earn (fo
by mr_toad 2y ago
> The real question is why all the capital formation seems to have been in Asia for the last 50 years.
Is there any doubt? If you spend less than you earn (for example by running a current account surplus) you naturally accumulate capital, and vice versa.