The right thing to do would have been to help African, Asian and American countries to develop strong service economies and spread the wealth accross the globe.
Instead we limited them to exporting raw materials. Now we lose our influence and we don’t have resources to compete.
Same problem as any third world country: how do you create new jobs for the global economy?
Too bad we never pushed for a structure of the world that makes that easy while we were a leading export nation.
Many new firms have been mushrooming, creating some of those jobs.
The right thing to do would have been to help African, Asian and American countries to develop strong service economies and spread the wealth accross the globe.
Instead we limited them to exporting raw materials. Now we lose our influence and we don’t have resources to compete.