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The giant basket case countries

​More and more of humanity is going to live in a few big countries that can’t manage themselves. ​The window when developed countries (including China) can afford to treat poor countries like an afterthought is rapidly drawing to a close. The reason is simple demographics. The whole developed world is about to start shrinking.

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Noah Smith
Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.
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