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Most countries can’t produce what they need. And even when they can, comparative advantages are still a thing. That being said, I do agree that with a reducti
by hshdhdhj4444 1y ago
Most countries can’t produce what they need.
And even when they can, comparative advantages are still a thing.
That being said, I do agree that with a reduction in the need for oil, the importance and use of a reserve currencies will reduce even if they don’t go away fully.
- impossiblefork 1y agoYes, but if you're not manufacturing a bunch of stuff for export, then you can also dedicate the resources used for that to build what you actually want.