DingleberrySoup
Stool Mastication Enthusiast
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User ID: 180
Investment into infrastructure that's needed, but has yet to happen. In other words, it's what is "owed" to your country's infrastructure to keep everything functional at the desired level.
In my particular European country, 2008 threw the entire political system into permanent disarray. Societal trust never recovered, and the infrastructure-debt incurred by the austerity of the 2010s was never paid back.
I have honestly never gotten the feeling that we properly recovered from 2008, despite many economic indicators showing otherwise. The Southern European countries by and large don't even have those.
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You're not seeing China's atrocious demographic structure and their stalling economic growth. China's fertility rates are worse than Japan's, and unlike Japan, China will get old before (and more probably without) getting rich. Welcome to the middle income trap.
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