TOTUU
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Trade doesn't make people rich. Wealth is created in two ways: 1) by natural gifts, such as wild food, minerals, etc.; 2) by labor.Can any country get rich by trading with China?
Are there examples of successful FTAs with China that transformed the economy of a country
Like EU, US (major importing nations)
I am just trying to pin it down, like what exactly is the benefit of a FTA with China?
From what I understand you get cheaper imports but you have to sell your product to west
So basically you are dependent on west for exports (and making money)
You make money from west
But buy cheap imports from China?
(Hope there's someone here with knowledge of world economy and Chinese economy- genuinely interested)
There are three main ways of distributing or acquiring wealth: by labor, by robbery (robbers and imperialists), and by power (countries and individuals with power are in a position to distribute wealth, such as the owners of Western countries and companies).
Workers, capitalists, robbers, power holders, they are rich in different ways. Different countries correspond to different roles.
A state can either acquire wealth through labor or distribute it through robbery, through its own power.
The United States, for example, can possess the wealth of other countries through its military and political power, or it can exchange it for wealth through paper printing (paper money).
The United States prints paper money that can be exchanged for wealth in any country, and if any country does not recognize this paper money, the United States will attack that country. These printed money can be exchanged not only for wealth, but also for talents, science and technology, and the talents and science and technology of each country can be exchanged away with these papers.
Trade is just a kind of buying and selling, and free buying and selling is beneficial to both parties. The prerequisite is that both parties are voluntary and there is no military or political oppression. Free trade will result in lower trade costs for both sides, while gaining access to each other's markets, which is good for both sides. We don't lose because we go to one supermarket and have a trade deficit with the supermarket, it's a process of labor getting money and money going to the supermarket in exchange for goods, and both sides are benefited. We can't say that one supermarket has something competitive and we have a big trade deficit with them, so we buy something from another supermarket. Supermarkets also need to buy goods, we not only buy things from supermarkets, we can also sell our products to supermarkets.
The so-called trade with Western countries can make money, but in fact is a manifestation of Western hegemony. The so-called deficit of the United States is actually a process of turning printed paper into money through the power of the United States, because the United States has forced all transactions between countries to use the dollar through its military capability and its allies, and has also ceded some of its ability to print money to its allies, which is how the euro and the yen got their position of strength. If countries traded with each other using their own currencies, we would no longer need to sell the products or services we produce to the West in exchange for Western currency. Our trade surplus with the West is essentially a kind of packaged robbery in which we give a portion of our wealth to the West for free.
As a consumer, we should always choose the most cost-effective product, that is, the cheap and good product. Made in China in the world is very competitive, cheap and good, which is a boon to consumers. Consumers hate the most expensive and bad products, these products are destined to be abandoned by the market.
To be successful as a worker and as a nation is to improve your competitiveness and make products and services of good quality and low cost.
It is by this innovation and improvement of production products that Chinese products have gained an increasing market share in competition with the rest of the world.
If Pakistan is in the position of the United States, Pakistan can also obtain wealth by printing paper money, and through supremacy, specify the distribution of various industries and companies, such as suppressing Boeing and Airbus, or even using the money printed, directly acquiring Google, Boeing, Apple, and if the United States does not agree, then give the United States a charge of disrupting the market order, using the media to discredit them, using military strikes against them on You can. This is the way of wealth distribution from power, simple and brutal, without labor.
At that time Pakistan just had to focus on managing its allies, managing the world, while suppressing the emergence of competitors who might threaten its position. Nip the threat in the bud.