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Is it worth it? Globalization means that everybody tries to be a leader in their markets. If you focus on one market, you have to neglect another. Becoming a l
by tkk23 4y ago
Is it worth it? Globalization means that everybody tries to be a leader in their markets. If you focus on one market, you have to neglect another.
Becoming a leader in high tech manufacturing means giving up other leading positions.
- yrgulation 4y agoI dont think it works that way. Being good at one thing as a country you dont need to neglect others. A country is not a person. The EU, US and allies can simultaneously be good at high tech agriculture, high tech manufacturing, fin tech, space tech, and services. We just need to approach things differently.
- tkk23 4y agoIn which way should things be approached differently? A country it not one person, but it's still many persons. How do you remain the best in all areas if you don't have the manpower to keep up with the development of knowledge in all areas?
- yrgulation 4y agoTwo things cross my mind. One is that there are millions lacking access to education thus missing all the knowledge needed to grow. If those millions were a country what would that country need to do ensure their growth? Second is that since we lack manpower we either need to look into why is it such an issue having children, despite economic development, or we need to look into even more automation in manufacturing. We need government funded research of the kind that made the atomic bomb or the internet. We also need to look at the economics of it so we dont end up putting more people into poverty because we replaced them with bots.