With the amount of reverse engineering going on, I would say that within 15 years or less, China will be making their own jumbo jets, their own high speed trains, their own luxury cars, their own elevators, industrial machinery, nuclear power plants, turbines, and even their own operating system - or everything will be web based by then, so Linux is good enough.
And they will be making it cheaper than everyone else because of the abundance of labor.
How will Adam Smith's Wealth of Nations theory work out when one single country makes practically everything, at a similar quality and cheaper than everyone else.
And they will be making it cheaper than everyone else because of the abundance of labor.
How will Adam Smith's Wealth of Nations theory work out when one single country makes practically everything, at a similar quality and cheaper than everyone else.
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