Advantage 59 – Developing countries can purchase technology and know-how

Excerpt from the book »Gradido – Natural Economy of Life«

»We are living at the expense of the Third World and are surprised when calamity knocks at our door.«

– Gregor Gysi

German politician (Die Linke left-wing party)

The hitherto developing countries, which have become able to pay because of the threefold creation of money, are now welcome customers for the industrialised nations wanting to export their technology. For a certain time there will be a high demand for know-how and technology.

In the course of time the necessary know-how and technology will likewise be available to the former developing countries, which themselves will make the products needed in their countries. The demand for imported goods will decline. We will then see an equalisation between hitherto poor and rich countries with a decline in export and import activities worldwide. All countries will increasingly focus on their domestic business. Exports and imports will then be confined to uncommon raw materials which only exist in certain countries and products typical of a country.

Domestic products will be lower in price than comparable products as the wage level has now levelled out worldwide and hence production costs as well. However, there would also be transport costs for foreign products, making them more expensive than domestic ones. Transportation will decline, which is good for the environment.