The China growth model — moving farmers into factories and selling their products to the world — is no longer driving miracle growth.
Over the past couple of decades, export-oriented manufacturing lifted hundreds of millions from poverty, giving rise to a period of dramatic economic expansion. But that playbook, is less and less able to generate the returns poorer countries need to raise standards of living. (
Automation is spreading, replacing workers with robots. Supply chains have fragmented as war tears through Ukraine and the Middle East. Post-pandemic inflation ...