Regardless of what the globalists claim, everyone does not win with globalization.
“China’s GDP growth rate dropped from over 10.6% in 2010 to 6% in 2019.6 The drop in growth is due to the democratization of GDP growth as countries worldwide have followed export-led strategies.”
Not that I hate to see China lose, but this is one more proof that everyone does not win in globalization. Any program or strategy targeted at equalizing income or wealth will be taking away from richer nations and giving to poorer nations. So, no, it is not a win-win and everyone is not better off as a result. #economy #china #immigration #industry #manufacturing #trade #tradewar #tariff #reshore #Factory
