Taiwan’s economy is booming thanks to AI. Not everyone sees the benefits
(www.aljazeera.com)
from throws_lemy@reddthat.com to world@lemmy.world on 28 May 01:05
https://reddthat.com/post/66444673
from throws_lemy@reddthat.com to world@lemmy.world on 28 May 01:05
https://reddthat.com/post/66444673
Taiwan is experiencing explosive GDP growth due to chip exports, but some Taiwanese feel left out.
Taiwan’s Central Bank Governor Yang Chin-lung has sounded the alarm about an emerging “K-shaped economy,” where certain sectors grow rapidly while others fall into stagnation.
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A country adopts free-market economics (privatization of SOEs and so on), gets K-shaped economy, shock ensues.
<img alt="" src="https://lemmy.ca/pictrs/image/83dd1adc-3754-4e22-9067-3c97116bdf8b.png">
What’s a K shaped economy?