Another way of saying you want your country to be involved in high productivity growth industries, is that you want it to be in industries whose outputs are getting less and less valuable.
Is it really wise to equate "less and less costly" with "less and less valuable"? The labor, perhaps. But the outputs?
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The labor gets more and more valuable assuming that the output price doesn't fall exactly proportionally to the supply.
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Ah, yep. I'm trying to intuitively install the distinction between value of the pool and the per-unit marginal value, but trampling the terminology to do it and confusing myself a bit in the process
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The production cost goes down, as does their sale price, and their marginal value too as they become so abundant!
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I mean per unit. If there are lots of competing countries, these things should roughly cancel out, making those industries neither better nor worse.
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