Made-In-China Growth Miracle Runs Its Course: Supply Lines

The China growth model — moving farmers into factories and selling their products to the world — is no longer driving miracle growth.

Over the past couple of decades, export-oriented manufacturing lifted hundreds of millions from poverty, giving rise to a period of dramatic economic expansion. But that playbook, is less and less able to generate the returns poorer countries need to raise standards of living. (Click here to read the full story in Bloomberg Businessweek.)

Automation is spreading, replacing workers with robots. Supply chains have fragmented as war tears through Ukraine and the Middle East. Post-pandemic inflation ...