Since the dawn of globalization and the post-Cold war era, a number of countries are getting slot marked into particular sectors like:
China for manufacturing, US for design, software, German auto mobile, India for outsourced services etc.<p>But to have a thriving and healthy society in a country, the variety is important so that people can pursue different interests and are not forced to migrate because there is no high-quality work in that area in that country.<p>Only way to do this is to protect the domestic market from foreign investment and give some time for high quality local players to grow. Then open for competition. But if a second world government does it, it is blamed for not allowing reforms and accused of denying progress to its citizens<p>So now another way is opening up.<p>So it is good for China too if such things happen. If a bunch of high quality companies open up in stuff that UK is traditionally known for (financial services?) then
the balance will be stuck.<p>I hope financial institutions like IMF, World Bank take such things into count and come up with measures to increase variety in every country. It will make life a lot
better for a lot of people.