21 Jul 2022 9:26 am
Blackvegetable » 21 Jul 2022, 8:25 am » wrote: ↑ I think you will find that where this is true, there is a high value placed on education. And education is recognized as being both academic and technical.
The result is an economy well positioned to supply "high value add" products to export markets.
In less developed economies, unions can certainly accelerate the distribution of "national income", but if the product they generate are commodities, unions can become sources of financial (and economic) inflexibility - like the domestic agriculture sectors of small advanced economies.
okay this went over my head a bit. How do unions make a country “inflexible”