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> These days it's pretty clear the US and China benefit from mutual trade Yes, that is probably the current perception even with most people never hearing of c
by staticvar 11y ago
> These days it's pretty clear the US and China benefit from mutual trade
Yes, that is probably the current perception even with most people never hearing of competitive advantage. I wonder how climate change in the next couple of decades will change this war/peace calculus. I fear we may realize that benefits that the U.S. and China receive from trade partnerships is from extracting natural capital and replacing it with negative externalities. When that natural capital runs out and negative externalities come back to bite us in the form of climate change, what will the U.S. and China think of each other then? Will we still believe in competitive advantage then?
- exelius 11y agoChina has made a huge about-face in the last 2 years on energy. Their policy is currently to invest heavily in green energy for domestic use, and to become the global green energy technology leader. I think they will be successful - advances in energy tech take superpower-level resources, but they also tend to sustain those superpowers for a long time. China will build their dominance on 'clean' energy. No doubt about it.