Virtually everyone on the planet already knows that China has become a key importer of consumer and industrial goods. May be in a short time, India will do the same. Outsourcing has really stood the test of time.In the early 19th century, the US was actually a poor (yes, poor!) developing country. The European capital assisted in helping to finance the American railroads, canals and even helped to finance new factories while the labor force in the United States began to produce goods that successfully competed with European made goods.
Because the markets were quite open and also somewhat competitive, both the Americans and Europeans benefited immensely from this process. Thankfully, employment creation and economic development took pl
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