>>1050424
No, because it will eventually leave. For the same reason the West deindustrialized and China fears in the future.
Higher standards of living push the price of products too high, making them hard to export.
Things will keep moving to the shitworld, and the southeast Laos-Thailand-Cambodia-Vietnam is long overdue for a boom because of that.
For instance, they became the largest Coffee producers recently, because competition (mainly Brazil) has too high a price of labour to compete, so big corporations invested there.
In a way, the search for profit maximization will tend to produce this effect of wealth spread, taking factories and industries from one country to another if the other is a cheaper place.
In Libertarian theory, this would create an homeostasis in the world, leveling every country to a single standard.
But we all know Libertarian economics are bullshit, and this is not what happens, as the deindustrialized country plunges in a spiral of degrowth, recession, massive bankrupicies, etc
This has been long overdue to happen in the West, but it is using financial mechanisms to be kept afloat. Thing is, these mechanisms aren't real solutions, and like a painkiller, it just masks the pain, but not the cause of the pain.
China's exporting economy is being bitten heavily by that also, as its main importers are not importing things anymore (there's a global economic slowdown occuring).
So again it has to ponder about its future as exporter.
That's why the European Union exists, by the way.
Germany's currency would be valued a lot higher if not for making a union with poorer countries, that push the value of the Euro down and make German exports being of a lower value than they actually are, making Germany competitive.
And that's why the end of the EU is dire for some countries, but would be glorious for others. (Well, that's not the only reason, there are many, but this one here is pretty great).
But well, a solution to all that would be a return to a national-focused economy. China could easily escape this trap if it decided to shift from an exporter economy to an economy focused on the domestic market.
China can be basically self-sufficient in everything if it wants (except energy, but that's why it's such a close friend of Russia [gas giant] and Iran [oil giant]), that's why it wants a Silk Road through Central and NorthCentral Asia, full of pipelines.
The same goes for other countries - historically, every country has always been self-sufficient, and this trend of contagion and dependency is manufactured from modern global dynamics.
It doesn't need to be like that.
So economies could prosper if they focused more on producing locally for themselves than to export Apples to Germany so that they can import cars from them (yes, I'm talking to you, Poland). Let the Germans plant their own apple trees, and let the Poles build their own cars.
This would, at first, create a huge unbalance of technology in the world, standards of living would flip and many people globally would be worse off.
But this would pay in the long run, as countries would develop and become independent in the future and this fake homeostasis dynamics would end.
Of course, it's not that simple and I have much more to say about this matter, but I have spoken enough.