@KeyWinvest @coloradotravis Moving from resource-driven growth based on cheap labor/ capital to high productivity innovation requires a high-quality education system that encourages creativity & supports breakthroughs in science & technology that can be applied back into the economy.
@KeyWinvest @coloradotravis That’s where things run into trouble as the hollowed out generation of the 1 child policy, mostly unmarried men, are stuck supporting their aging parents w/o help from any siblings or cousins. This will be a major drag on productivity starting in about 5 years.
@KeyWinvest @coloradotravis The largest geriatric population in the world is a huge cost that will drag production. That’s not a benefit. Geographically precarious as well with border disputes on every border that it’s must extend capital to defend. Plus the security costs of oppressing so many people
@KeyWinvest @coloradotravis You’re confusing a vocal right wing faction for the whole country, which has a long history of welcoming foreigners like my mother and uncles who come from Nha Trang. US military hegemony has existed since WW2 as the economy continued to grow.
@KeyWinvest @coloradotravis I’m far more bullish on Vietnam than China. Young, smart, ambitious population that could potentially be setting itself up as the Silicon Valley of SE Asia. Vietnam isn’t content to being China’s “pacified South” “Annan”.