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Its interesting that the USA is strategically trying to go back to being the manufacturing country and China is strategically trying to become the innovation co
by willvarfar 8y ago
Its interesting that the USA is strategically trying to go back to being the manufacturing country and China is strategically trying to become the innovation country. Its like China and the USA want to swap places.
- frockington 8y agoChina is probably realizing that their free cut of others IP is about to run out. If they cant steal out IP, and we can't exploit their labor, both countries will have to get better. I'm thinking this will boost both countries at the same time by growing the respective lagging economy (innovation or manufacturing)
- kinsomo 8y ago> Its interesting that the USA is strategically trying to go back to being the manufacturing country and China is strategically trying to become the innovation country. Its like China and the USA want to swap places. Or the US is trying to reduce its dependence on China just like China is trying to reduce its dependence on the US. IMHO, it's not good for a country to be all manufacturing or all "innovation" and "services." It was a mistake for the US to let its manufacturing sector wither to the degree it did. It's better to strike a balance, especially when your trading partners have drastic political and ideological differences and thus cannot be considered reliable.