Global trade patterns

Discussion in 'Economics & Trade' started by LafayetteBis, Dec 15, 2019.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    From here:
    Global trade - It has become harder for the Asian tigers to prosper through exports - excerpt:

    [​IMG]

    Looking at the above chart, Uncle Sam has not done badly (along with Germany) in maintaining their share of global-trade. That line above seems fairly steady at 25% of the total.

    So what's all this Trump-stuff about blocking trade with China? The US is doing OK, and much better than China's trade-partner very close to home. (Called Japan ...)

    So what's it all about? This: Donald Dork's manner of assuring sufficient reelection funding from his "capital base" of the very-rich who are hurt most by losing international trade with China. And that's all. The US has been uncompetitive with China since before 1986. The damage at the lower end is done. US manufacturing today accounts for less than 12% of total employment - and Uncle Sam is well into the Information Age ...
     
  2. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    And why? Because manufacturing in the US has been automated to a very large extent. From here: The Impact of Robotic Process Automation on the Automotive Industry
    And robotic-automation can be performed in any industry where manual-work is the key production factor. It has been simply a question of time - and worker-unions have come to understand that fact the hard-way. Their ranks have been greatly diminished.

    So, what's a country to do?
    Exactly what we did when "industry" first understood (in the early-part of the 20th-century) that it needed people who could at least "read&write"!

    Today we are well into the 21st century, and it has become "painfully obvious once again" (because we fail to learn from our past) that Tertiary-education must become free, gratis and for nothing.

    Which is a capital MUST - and lest we forget from here -
    And despite the fact that the US has become very largely a Services-Industries economy ...
     
    Last edited: Dec 15, 2019

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