I remember a famous economist said that. Poor countries are economically advantaged to use manual labor instead of advanced technology so that they can employ everyone.
I don't know who said it, but it sounds logical. It's better than taking out loans from the IMF.
If that's a famous economist, he's a stupid, famous economist. Pure poppycock. Productivity matters. That famous economist failed Econ 101. Is it leftist darling Paul Krugman? The guy who ignored the basic fact that all wealth destruction is bad and declared the 9/11 rebuilding in NYC a positive economic event?
