3 ms·
Yes. However it wasn't just noticing the difference in wages. That had been known since forever and didn't wake a genius. Figuring out how to produce effici
by eru 1y ago
Yes.
However it wasn't just noticing the difference in wages. That had been known since forever and didn't wake a genius. Figuring out how to produce efficiently in the cheaper places and get the goods to rich markets took more smarts and experimentation.
Container shipping played a big role in that, and so did modern communication and cheaper flights.