PROGRESSIVE VISION WILL NEVER COME TO FRUITION Because it cant. Industrializatio

http://marginalrevolution.com/marginalrevolution/2013/06/emerging-markets-hitting-a-wall.htmlTHE PROGRESSIVE VISION WILL NEVER COME TO FRUITION

Because it cant.

Industrialization is over.

The world will be divided like spain and catalonia. The northeast and the heartland. West and east ukraine. Protestant and catholic europe.

Logic would suggest nation states return to city states but the military value of debt, and strategic value of resources will prevent it.

These increases in economic diversity will continue to expand.

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“Richard Baldwin, professor of international economics at the Graduate Institute in Geneva, refers to the internationalization of the supply chain as “globalization’s second unbundling.”

“He sees the new world as one of “development enclaves,” in which parts of countries will stand out as advanced or wealthy, without fundamentally transforming the entire economy.”

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