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by d2161
2858 days ago
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You don't know whether you are in the middle income trap without the benefit of hindsight. By that time it's too late. If China does move up the value added chain, it could lead to enormous wealth creation globally. For businesses and consumers. That's why I am dissatisfied at the whole America First mentality. It doesn't matter if it's China, India, South Africa or whatever country. Globalization benefits us all and we should support their development. |
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