americanaffairsjournal.org
Very interesting article. It does not quite frame things this way, but more or less argues that the globalization of the Chinese economy, 1985-2015 was a disaster for much of the developing world, which deindustrialized faster than the United States did
Very interesting article. It does not quite frame things this way, but more or less argues that the globalization of the Chinese economy, 1985-2015 was a disaster for much of the developing world, which deindustrialized faster than the United States did
a year or two ago I wrote about this in regards to Mexico, whose NAFTA powered manufacturing sector was destroyed by China's ascension to the WTO. scholars-stage.org
What I did not realize until I read this piece was that something similar also happened in Brazil and other parts of Latin America, Nigeria and Western Africa, Philippines, Malaysia, Pakistan, and parts of India...
P.S. this is a side point, but I suspect this is probably the right counterpoint to this kind of framing.
e.g. "China will build you airports, but they are the reason manufacturing has fled your country--and want to keep as much of global manufacturing (they call it the "real economy") in their borders as possible. They just want you to be a commodity exporter."
That argument probably will go over better in Mexico tho than it will in Ivory Coast. There was a brief moment in the '90s where it looked like Mexico might ride American coattails into prosperity.
I think both countries would have been better off had this happened.
I think both countries would have been better off had this happened.
Loading suggestions...