Sure, but the material demand on almost everything is now driven by 3B people across the east of asia, no longer just the 1B or so people in the anglosphere/western Europe.
Sure, but the material demand on almost everything is now driven by 3B people across the east of asia, no longer just the 1B or so people in the anglosphere/western Europe.
Does that explain anything? Wouldn't it make the inflation/PPP-adjusted per-capita GDP lower, since those take into account prices growth from increased demand?
Are you arguing that the larger market should make things cheaper?