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The theory of comparative advantage is that both countries will benefit, and I think these people put a lot of stock in their own theories. As I understand it,
by James_K 2y ago
The theory of comparative advantage is that both countries will benefit, and I think these people put a lot of stock in their own theories. As I understand it, what they wanted was a situation where high skill US workers focus on design and innovation, meanwhile China does the manufacturing for all of it. Not a bad setup really, if you ignore the fact that China probably wants to cut the US out of that equation.