Not all of it, but a lot of it. My point is that its economy grew as a result.
Industries are moving out of China to cheaper places like Africa and the Philippines. But the real-world economy is not completely frictionless; it takes time for these effects to occur.
But the real-world economy is not completely frictionless; it takes time for these effects to occur.
Indeed, it takes time, and for a third world person to reach the productivity of a first world person could take maybe 15 years of first-world education at a bare minimum? So people are not perfectly fungible.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
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