With few exception where foreing investment makes up for it like Singapore

It's immediate gratification

I am incredibly confused

https://en.wikipedia.org/wiki/Import_substitution_industrialization

Basically my views are similiar to this

I don't like the leftis shit

But it's the policy under which most countries industrialized

Right

It's not a panacea either though

So you want less net supply of goods in the world and worse material conditions?

You can still fuck up like Argentina

I know what you want, I want an argument for it

I'm willing to put up with higher costs of goods now if that allows my economy to develop in the long term

You see the link between those to things

I do not understand

Decreased costs means increased capital accumulation

meaning more investment expenditure

increased roundaboutness of production

and therefore more supply over the long run

and better supply

Not what actually happens. As you save money from cheap imports you receive lesser wages, capital moves abroad etc.

How does increased costs do that without hindering standards of liviing?

"As you save money from cheap imports you receive lesser wages"

What the fuck

How

You increase the net quantity of capital and supply and therefore increase wages as each worker increases in marginal value

You get cheap imports because people in your countries are losing work in favour of a country with cheaper labour costs

Yeah, but people get new jobs with the freed up capital

new investments

Creative destruction

Doesn't necessarily follow

What

Capital moves overseas

Yes

More profit in cheap exports

Capital moves everywhere all the time

No

Capital in the last decades moved to very specific places

Like China

Please tell me you're like 16

Do I have to dig up which countries received the most foreign investment in the last decade