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Yes, but since China is the manufacturing hub for so much of the world, its local surrounding galaxy of expertise, supply chain, and related resources will exce
by redler 10y ago
Yes, but since China is the manufacturing hub for so much of the world, its local surrounding galaxy of expertise, supply chain, and related resources will exceed the size of such a galaxy built only in the US — especially if the US efforts are by dint of tariffs and related policies, and not economics.
- brightball 10y agoDoes that mean that nobody should attempt to compete with China?
- redler 10y agoNo, I wasn't suggesting nobody compete. By all means, compete. But I don't think measures like 35% tariffs, local tax abatements, overseas profit repatriation discounts, or political bluster are likely to mash more than a little bit of the toothpaste back into this tube.
- adventured 10y agoThe US was a larger manufacturing nation than China as recently as five years ago. Cutting the US corporate income tax rate nearly in half and lightening economic regulations, will do wonders for boosting US manufacturing. Given China's $3.x trillion in manufacturing is heavily tilted toward low cost, low value manufacturing, it's not going to be surprising to see their global share of manufacturing shrink in the next decade as other low cost competitors continue to take share from them (whether in Vietnam or Mexico).
- sulam 10y agoThink Africa. Vietnams is already too expensive. Mexico probably is, too.
- JonFish85 10y agoIs Africa stable enough? I feel like South America has a better shot at this than Africa. Maybe in a few generations? Edited to add that I'm speaking in very broad terms, I know that Africa as a whole is enormous, but I don't think of any particular African nation as being stable enough to be able to support the infrastructure needed.
- gech 10y agoBut think of all those hopeless souls that will work for nothing for businesses to take advantage of. It must be done, market demands it.