Comment by tehjoker
2 days ago
You can only become a service economy by outsourcing everything to another country. It's not a sustainable model and it's related to imperialism.
2 days ago
You can only become a service economy by outsourcing everything to another country. It's not a sustainable model and it's related to imperialism.
China's not afraid of a little imperialism, and they'd be wise to embrace more globalism in exchange for better standards of living. If America falls and China refuses to pivot to the service sector, then they'll slide back into only being valued for cheap labor. They have to strengthen their internal financial sector or else someone else will.