As Keynes explained, rather than force countries with high wages relative to productivity to reduce them, the world would be better off if countries with low wages relative to productivity increased them. In that case, rising demand would keep pace with rising supply globally.
As Keynes explained, rather than force countries with high wages relative to productivity to reduce them, the world would be better off if countries with low wages relative to productivity increased them. In that case, rising demand would keep pace with rising supply globally.