3 ms·
And in large part that is due to our different approach to China. Opening up trade with China enabled its economy to reach the level it did today. In part [0] t
by erentz 7y ago
And in large part that is due to our different approach to China. Opening up trade with China enabled its economy to reach the level it did today. In part [0] the minds thought trade would bring liberalization in China. But that didn’t happen, it’s quite a thing to walk back now but clearly it needs to happen. Unfortunately the politics of the US and EU are in absolute disarray so coordinating that is difficult to imagine.
([0] In another part forming relationships with China was also in part about putting a wedge between China and the USSR. Which may have been more productive but doesn’t explain the normal relationship since 1990.)