4 ms·
And a strong currency usually means weak manufacturing. And I don't know how a country can be strong without a solid manufacturing sector. Like, when we a war b
by hintymad 7mo ago
And a strong currency usually means weak manufacturing. And I don't know how a country can be strong without a solid manufacturing sector. Like, when we a war breaks out, we ask our enemies to sell us components and medical key ingredients?
- fakedang 7mo agoDidn't know Switzerland was a "weak" manufacturer (currently one of the strongest currencies there is, also in wide use).
- vessenes 7mo agoThey export something else.
- izacus 7mo agoYou're on to something, aren't you? Like... Maybe manufacturing isn't the end all?
- hintymad 7mo agoYeah, I'm sure there can be exceptions. When the US was super strong in manufacturing back in the 50s, the US dollar was also strong, or at least relatively speaking? That said, the US over the years outsourced their manufacturing, closing their domestic factories. A strong US dollar seemed have played a big role in such outsourcing.
- iso1631 7mo agoIf you aren't self-sufficient in energy, food, and to a lesser extent raw materials, a weak currency means everything is expensive.