Poor countries are catching up and getting richer faster than the rich countries are - and the accumulation of wealth by the global top 10% is actually decreasing, while the wealth of the bottom 50% is on the rise.
Poor countries are catching up and getting richer faster than the rich countries are - and the accumulation of wealth by the global top 10% is actually decreasing, while the wealth of the bottom 50% is on the rise.
It is not just about copying technology, but also about systems. If you are smart, you can see what worked for other countries in the past and copy that. South Korea and Taiwan basically copied Japans approach to development and now China copies that approach as well. Modified, but they know it works.