Title: Exports
Product review: Mr. Thurow and Mr. Pawley have completely forgotten that the United States did not depend on exporting to develop its economy after the colonial period because its industrial growth was based on domestic consumption. At some point in the future, the same will happen to China when American consumers can no longer absorb cheap Chinese exports, yet China will continue to grow. This is a basic lesson from economic history which neither the author of this book nor Mr. Pawley seems to know.
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