'Import replacement' being used as a main driver of city growth demonstrates the author has a profound misunderstanding of how growth actually happens - by generating efficiency through specialisation, comparative advantage and trade, not via 'import replacement'. This is the case even if import replacement may happen somewhere in that process if there is an efficiency gain to be made (or, as is often the case, import replacement may not happen at all). Seoul, Shenzhen are examples of cities that have grown massively in the recent past by exploiting comparative advantages in manufacturing and exporting (and importing!) ever growing quantities.
Shows me that she doesn't really understand growth. Her further misunderstanding of the value that nation states provide, mainly the public good of national security, also makes me wonder if her ideas are worth consuming.
'Import replacement' being used as a main driver of city growth demonstrates the author has a profound misunderstanding of how growth actually happens - by generating efficiency through specialisation, comparative advantage and trade, not via 'import replacement'. This is the case even if import replacement may happen somewhere in that process if there is an efficiency gain to be made (or, as is often the case, import replacement may not happen at all). Seoul, Shenzhen are examples of cities that have grown massively in the recent past by exploiting comparative advantages in manufacturing and exporting (and importing!) ever growing quantities.
Shows me that she doesn't really understand growth. Her further misunderstanding of the value that nation states provide, mainly the public good of national security, also makes me wonder if her ideas are worth consuming.