I play an RTS game called Age of Empires 2, and even if a civilization was an age behind in tech it could still outboom and out-economy another civ if the population ratio was 1 billion : 300 Million. Like it wouldn’t even be a contest. I don’t understand why China or India wouldn’t just spam students into fields like STEM majors and then economically prosper from there? Food is very relatively cheap to grow and we have all the knowledge in the world on the internet. And functional computers can be very cheap nowadays, those billion-population countries could keep spamming startups and enterprises until stuff sticks.
In: Economics
It is called the world reserve currency which all debt is denominated in.
ie. If you are playing Ages of Empire and use a cheat code to create infinite gold as a resource for yourself, how much less likely are you to lose?
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