[태그:] foreign

Gradually, the greater-wage nation, deprived of its financial base, becomes poorer and its market shrinks—or it belatedly begins defending itself from a single-sided imports. The low-wage nation then may possibly wish it had followed a pattern of financial development that was sustainable and not parasitic. For example, Japan, Taiwan, and, most not too long ago, South Korea have had speedy increases in desirable jobs in big industries and in their…Read More