Geopolitics & Economics of the Semiconductor Global Value Chain
All Things Policy
00:00
The Importance of Comparative Advantage in Economic Decisions
Nang: The idea of comparative advantage being the primary driver of economic decisions like this has something that I've seen die a slow death. We no longer care only about supply chain efficiency we want to get best fabrication service at cheapest price, he says. Nang: If it was just comparative advantage then why have these continuous subsidies in Taiwan and Korea even before pre US China trade war. "If you don't do that you're never going to get this industry right back"
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