Re:With oil cheap, Arab states cannot balance their books
by marcosdumay on Tuesday July 21, 2020 @04:55PM
(#23910900)
My comment was about a single factory. In theory all the factories could import all their inputs, because the commodity that is causing the Dutch disease will offset it, but on the micro-level, a company can take advantage of a low average salary yet high costs market that is characteristic of the disease.
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Re:With oil cheap, Arab states cannot balance their books
by pydry on Wednesday July 22, 2020 @06:21AM
(#23915561)
So an upstart smartphone manufacturer could take advantage of the high local salaries to manufacture a local brand of overpriced smartphones solely for the local market?
I'm not sure that's viable nor helpful as an idea when you can just import iPhones from China.