<p>We welcome back Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics, to Kopi Time. We focus on some recent work by Arvind and Shoumitro Chatterjee (see article <a href="https://www.project-syndicate.org/commentary/china-manufacturing-surplus-costs-for-low-middle-income-countries-by-shoumitro-chatterjee-1-and-arvind-subramanian-2025-10">here</a>), in which they argue that China&rsquo;s continued dominance in low-skill export sectors reflects not just efficiency, but deliberate policy choices that prevent poorer countries from climbing the development ladder. We talk about their findings, nuances to the conclusions, implication&nbsp; for trade and exchange rate policy, geopolitical considerations, and delve into a few issues beyond the article, including China&rsquo;s rapid climb up the technology value-addition ladder. We also touch in Arvind&rsquo;s new book, &nbsp;A Sixth Of Humanity: Independent India's Development Odyssey, co-authored with Devesh Kapur.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>

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