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Everyone gets something, or every country anyways. The export-led growth Asian miracles are really just a part of this. Maybe the Chinese worker gets screwed,
by cryptonector 1y ago
Everyone gets something, or every country anyways. The export-led growth Asian miracles are really just a part of this. Maybe the Chinese worker gets screwed, but China maybe doesn't. Something like that.
- Retric 1y agoChinese workers got actual work vs being automated out of the farming industry and starving. China gets to import raw resources from other countries to feed both domestic production and foreign export. It was a rational strategy that’s getting outdated as China’s economy grew enough that exports can’t ramp up any more.