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I am not sure whether globalization is almost dead or not, but it clear to me that it is not sustainable. Look at the trade figures for China, e.g. $675 billion
by tw1984 4y ago
I am not sure whether globalization is almost dead or not, but it clear to me that it is not sustainable. Look at the trade figures for China, e.g. $675 billion surplus[1] was recorded for 2021.
US should unionize its labor forces and start doing all kinds of manufacturings. Countries like China and India should be build more high tech & high value added stuff to climb up the value chain.
[1] https://asia.nikkei.com/Economy/China-trade-surplus-reached-record-in-2021-despite-trade-war https://asia.nikkei.com/Economy/China-trade-surplus-reached-...
- ashwagary 4y ago>US should unionize its labor forces and start doing all kinds of manufacturings. The economics of this suggestion doesnt work. Either the US issues the global reserve currency and stays a major importer or gives up that status and becomes a larger exporter. Can't have it both ways.