People living near urban and industrial centers, mainly along the coast, certainly have seen their standard of living rising drastically over the last decades.
Not trying to drag this out so much, as I think we both agree essentially, but wouldn’t this not also have been the case when they had been working in a local factory run by a ‘Western’ company instead?
In essence yes. But the growth of the country’s economy without local technical knowledge would almost entirely depend on these outside investments. There could be a variety of reasons why foreign companies might close up shop and move elsewhere, leaving just huge empty factories behind.
Not trying to drag this out so much, as I think we both agree essentially, but wouldn’t this not also have been the case when they had been working in a local factory run by a ‘Western’ company instead?
In essence yes. But the growth of the country’s economy without local technical knowledge would almost entirely depend on these outside investments. There could be a variety of reasons why foreign companies might close up shop and move elsewhere, leaving just huge empty factories behind.