Today's @bopinion post is about how poor countries started catching up to rich ones.
It looks like decolonization just took a few decades to start working.https://bloom.bg/2yKQWGQ
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I can't tell if this is sarcasm but it is very misguided. The world has been dragged into greater equality by specific policies, and superpowers are currently experiencing a backlash to many of these policies. There needs to be more agency in your analysis.
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What are you talking about, Justin?
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This analysis glosses over a lot of causality. Foreign aide, free trade, exchanges of education and technology - these things are related to specific policies of rich nations, not due to "basic economics". Additionally, China is now a global superpower, which fuels its growth.
End of conversation
New conversation -
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And then there are the economies that just do not grow (still) https://fredblog.stlouisfed.org/2018/10/when-economies-just-dont-grow/ …
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Inequalities will never vanish, nor will relative poverty, but absolute poverty, w/ starvation & squalor will go away for the vast majority. Those left behind will be mostly mentally iIl, alienated from family & comm’y, unless we improve our abilities to reach them.
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And all of this very
#GoodNews may have contributed to a little bad news, that is lagging growth in low skill worker wages in the developed countries, but that will change.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Besides the realizations that freedom works, let’s not forget the tech innovations that allow leapfrogging over the very expensive infrastructures that had to be built in the developed world in the past and achieve economic parity in goods and services w/greater sustainability.
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Surprised you didn’t work How Asia Works into this
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