I would like to quote a passage from a book written in 1964 concerning trade by William Penfield Travis. The book is entitled "The Theory of Trade and Protection. Remember this book was written in 1964, a while ago:
What is important here is that in 1951, most of Japans exports went to the third world, yet we are told by consultants in
Now the reality is that these lesser developed countries should insist on opening borders to each other and selling to each other goods equal to their knowledge. Then with time as they increase knowledge base will be able to export to the richer economies like the
Knowledge economics is easy to understand, but one must first understand it, that is why I could have the courage to unitize it, to see its short and long term behavior, now people get jealous and say why that black, because I actually care, whilst they want an income from IMF, World Bank and promote the ideology of those that fund the IMF and World Bank, sad, they are confidence tricksters. Knowledge economics tells us to use the knowledge we have and because it does not override existing theory it says income levels must be considered. The problem is the IMF and World Bank are more interested and creating clientele states rather than fighting Underdevelopment.
Look at the example of