Comments by "John Smith" (@JohnSmith-op7ls) on "TheQuartering"
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@rickycool6083 It makes perfect sense. Western countries set up shop where there is cheap labor, corrupt governments, and little care for polluting the environment.
The only reason they’re bothering to set up manufacturing in India is because China has become too politically unstable and expensive.
Eventually India will get too expensive and they’ll move somewhere cheaper.
This time they’re not putting so much in one country like they did with China.
They’re splitting it across Mexico, India, Vietnam. For clothing they’re moving more manufacturing to Vietnam, Sri Lanka, Bangladesh, and Cambodia.
That growth in India is fueled by foreign investment. Same exact thing happened with China.
Now China is in a downward spiral as the West moves out. Brazil had a similar moment in its past. Where are they now?
India won’t fix any major problems in just 10 years. It will get stuck in the middle income trap just like China, Brazil, South Africa, Argentina, Chile, Mexico, and countless other countries that saw big growth due to foreign investment but never managed to get beyond it.
India is far too corrupt, dysfunctional, and overpopulated to transform itself.
The best it can do is what China did and it can’t even do that because it doesn’t have the centralized political power that China has.
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