Why the developing world is stagnating

submitted by jet199 from (vm.tiktok.com)

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[–]Musky 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

They export the beef because they rather have iphones and nikes than beef for dinner.

The beef prices in Brazil are the same as the US, but the average Brazilian earns $3/hr. They eat a lot of beans. Also, the phone market is dominated by Samsung and Xiaomi android phones. The admittedly few Brazilians I have spoked too had older or value priced phones, not flagship models too. Can't speak to the footwear, although sneakerheads are fucking weird.