What do coastal China, northern Mexico, and western Ukraine have in common?After Beijing dropped Maoist economics in the 1970s, low-wage China began to thrive. The economic boom started with the coast, the area closest to the Pacific coast ports of Canada and the United States, with its access to a huge market.Low-wage northern Mexico boomed after the January 1, 1994, start of the North American Free Trade Agreement.Like those two other countries, Ukraine is about to benefit from its own proximity to Western consumer markets, beginning with the region closest to the European Union. Little noticed in today’s news of …read more
Source: Atlantic Council
