> We need to anticipate a future where China is equal to America on a per capita basis, but four times bigger. Is that a world where “Designed by Apple in California, Made in China” still makes sense? What will be America’s competitive edge in that scenario?
The likely answer lies in the fact that this would mean China & America are both high-income countries. There are likely to be other countries looking to be "the next China" to ascend the income ladder. As is now, rich countries will outsource work to those poorer countries.
The likely answer lies in the fact that this would mean China & America are both high-income countries. There are likely to be other countries looking to be "the next China" to ascend the income ladder. As is now, rich countries will outsource work to those poorer countries.
This doesn't have to be zero sum.