The Rising Influence of Rising Affluence

[linhdtu]

I don't know what wsj says but the latest issue of the economist to which i have a sub with the cover of a panda and a question of "does china play fair" does not go as far as the wsj position.

all east asian tigers, notably s korea and japan, have at one time or another have imposed unilateral restrictions on imports while supporting native heavy and technology sectors with industrial policy. i mean it makes complete sense to me. how in the hell can they emerge as industrialized nations otherwise ?

take for ex boeing dreamliner mfg. do you expect china to just keeping buying high tech imports like airplanes and cars etc ... and exporting cheap stuffs to walmart forever ? or to just keep assembling iphones for apple ?

i don't excuse the IP theft from the chinese. but otherwise than that, industrial development policy and gvt support for new industries are the way to go. it is so sad that for us electrical cars productions , us companies like GM has to outsource their battery mfg to s korean companies who have the complete backing of their gvt.