3 ms·
I don't think that's ever really happened. If you look at GDP per worker the closest anyone has gotten to the West is Japan & South Korea at roughly 3/4 the pr
by treis 2y ago
I don't think that's ever really happened. If you look at GDP per worker the closest anyone has gotten to the West is Japan & South Korea at roughly 3/4 the production of France.
They can take over existing industries like autos because they do it for cheaper. They can compete in niches for innovation. But they are all capped by structural issues that will prevent them from matching the economic innovation of the west.
- ferguess_k 2y agoI think GDP is a biased indicator when states are competing with each others. Industrial output makes more sense IMHO.
- treis 2y agoNot really because actually making stuff isn't as valuable as engineering stuff (or other service-like activities).