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by abecedarius
581 days ago
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Catch-up growth being easier than growth in a "developed" country implies that the less-developed country "should" be easier to get rich in -- a better opportunity, not worse. In principle. Yes, we don't live in the in-principle world, but the logic "they're richer over there, so here is inherently stuck unable to compete for talent" is wrong. You need to address whatever the actual structural problem is. |
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A working class US American probably has a higher standard of living then an upper-class entrepreneur in Bhutan.