2 ms·
No, they wouldnt. They'd have ended up yet another cheap labor colony without protectionism. It takes a generation of protectionism to make Huawei's tech good e
by pydry 4y ago
No, they wouldnt. They'd have ended up yet another cheap labor colony without protectionism. It takes a generation of protectionism to make Huawei's tech good enough to make America shit its pants.
The theory of comparative advantage assumes comparative advantage never changes and cant be changed by trade policy. 90s neoclassical economists pushing this cult werent just proved thoroughly and conclusively wrong by the ascendance of China, their koolaid might have spurred on the end the American empire.