... if roughly 200m Chinese and a similar number of Indians are the primary beneficiaries of the globalisation in the medium term, then the question is whether they gained more than the losers in the Anglo Disease countries did.

Probably depends on whether you do the sums in purchasing power parity or current exchange rate terms.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.