6 ms·
“Ultimately you want consumer spending and standard of living to grow in lock step but it does not[2].” This is often said, but even after reading the linked a
by mostlystatic 9y ago
“Ultimately you want consumer spending and standard of living to grow in lock step but it does not[2].”
This is often said, but even after reading the linked article it’s not clear why that’s desirable.
Why not for example keep growing exports instead of domestic consumption?
- zdkl 9y agoToo much exposition on "non-china" factors?