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Unfortunately, it seems the path the world is taking is to become less dependent on Taiwan and China while avoiding upsetting China. We're going to see a repea
by trainsplanes 5y ago
Unfortunately, it seems the path the world is taking is to become less dependent on Taiwan and China while avoiding upsetting China.
We're going to see a repeat of these events 20 years from now when Vietnam's economy grows, thanks to manufacturing relocation, and we're just as dependent on them for various things. Right now the world is hoping and praying that Vietnam will liberalize when money flows in, but it's more likely they'll follow a similar path as China, albeit less powerful.
- Koiwai 5y agoThey tried to relocate manufacturing to Vietnam (and Thailand?) due to labor cost increase in China, then labor cost increased in Vietnam/Thailand too, not a very successful story.