In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
“it’s just supplemental” would have initially worked to describe us industry shifting out
The difference being that China is not neoliberal. This does not coincide with deindustriakization, crushing unions, maximizing “free markets”, etc. It also does not correspond to anything like the regimes the US used to make offshoring in its own interests, namely to force imbalanced export economies on other countries premised on unequal exchange and a dollar-heavy (im)balance of payments. Worst case scenario of success is that other countries, particularly in Africa, develop industry, infrastructure, and good jobs while China gains trading partners and stays heavily industrialized, as they care for their real economy.
investment is finite, so if you have the choice between a and b, investing more money in a is by definition investing in a at the expense of b
At the level of entire countries this logic can break down. For example, third world countries have to figure out what to do with all these dollars they receive from their imbalanced export economies. You can’t just spend it on anything, yiur country needs to function and you can’t buy everything from everyone at fair prices this way.
i’d respond to this paragraph but you really haven’t made a coherent argument past “us bad china good”
Please try your best to engage in good faith and not make things up. There’s plenty for you to ask about or engage with if you have the interest.
no, because resources are always finite. the resource doesn’t have to be “money”.
The original topic was investment, which includes money and is relevant to the balanve of payments issue, particularly with African countries with th3 aforementioned imperialized economies. You cannot understand, for example, offshoring, without understanding unequal exchange, and this makes what might seem like a finite resource problem into one where you must think about coercion and graft and where production is directed.
The difference being that China is not neoliberal. This does not coincide with deindustriakization, crushing unions, maximizing “free markets”, etc. It also does not correspond to anything like the regimes the US used to make offshoring in its own interests, namely to force imbalanced export economies on other countries premised on unequal exchange and a dollar-heavy (im)balance of payments. Worst case scenario of success is that other countries, particularly in Africa, develop industry, infrastructure, and good jobs while China gains trading partners and stays heavily industrialized, as they care for their real economy.
At the level of entire countries this logic can break down. For example, third world countries have to figure out what to do with all these dollars they receive from their imbalanced export economies. You can’t just spend it on anything, yiur country needs to function and you can’t buy everything from everyone at fair prices this way.
i’d respond to this paragraph but you really haven’t made a coherent argument past “us bad china good”
no, because resources are always finite. the resource doesn’t have to be “money”.
Please try your best to engage in good faith and not make things up. There’s plenty for you to ask about or engage with if you have the interest.
The original topic was investment, which includes money and is relevant to the balanve of payments issue, particularly with African countries with th3 aforementioned imperialized economies. You cannot understand, for example, offshoring, without understanding unequal exchange, and this makes what might seem like a finite resource problem into one where you must think about coercion and graft and where production is directed.