3 ms·
Offshoring was a political decision. a decision that needed political consensus, action and supervision (to open capital markets, to set standards, to trade dea
by kome 6y ago
Offshoring was a political decision. a decision that needed political consensus, action and supervision (to open capital markets, to set standards, to trade deals, to keep exchange rate stable, etc., etc.)
Offshoring doesn't happen in a vacuum. And in some countries, offshoring hit harder than in others. For instance, Germany and Italy are still export powerhouses. This, again, was a political decision.
In the US the decision was to privilege financial and tech industry, more than production industry. It was a strategy, and like every strategy it created some winner and some losers.
Americans have to decide if keeping this strategy or trying something else.