View: It’s hard to be the next China, not impossible

Some of India’s retreat may be tactical and temporary. The U.S. is still coping with China’s rise, and not in a mood to let another 200 million workers latch on to its customers. Industrialization of the periphery requires a fundamental restructuring of the labor force in the core, as the authors of Bretton Woods 2.0 warned.

from Economy-News-Economic Times https://ift.tt/2Zjbcwb