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We're also sitting on an abundance of natural resources. In stark terms: We only rely on continued world peace because of globalization and our reliance on inte
by cloakandswagger 10y ago
We're also sitting on an abundance of natural resources. In stark terms: We only rely on continued world peace because of globalization and our reliance on international trade. It isn't inconceivable that we could return to total self-sufficiency if we wanted to.
- tzs 10y agohttp://www.drishtiias.com/upsc-exam-gs-resources-Distribution-of-Mineral-Resource-in-the-World http://www.drishtiias.com/upsc-exam-gs-resources-Distributio...
- aggie 10y agoWe more than 'rely' on world peace and global trade, we thrive on it. Could we be self-sufficient in isolation? Maybe. Would we be better off? Unlikely. Comparative advantage is a real thing.
- jessaustin 10y agoYes, unskilled factory workers in China really are cheaper than unskilled factory workers in USA. That's why the Rust Belt voted for Trump, isn't it?