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Saturday, January 4, 2020

The Decline of Global Value Chains [feedly]

This article is interesting in many ways, but I would change its conclusion, which reads: "Ultimately, the Chinese government must recognize that Sino-American tension is rooted in the differences in their political systems. Without some willingness on China's part to liberalize its authoritarian model, the transformation of the world economy is unlikely to be smooth."

I submit one must counter: "Without some willingness on the US part to modify its imperial model (e.g. "there shall be NO "socialism""), the transformation of the world economy is unlikely tobe smooth."


The Decline of Global Value Chains
https://www.project-syndicate.org/commentary/china-trump-global-value-chains-by-erik-berglof-2020-01

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