The Answer Is Transaction Costs cover image

The 5G Revolution, Huawei Controversy, and Global Trade Dynamics

The Answer Is Transaction Costs

00:00

Comparative Advantage and National Security Concerns

The chapter delves into the complexities of trade, national security, and the impact of foreign subsidies. It discusses how nations should take advantage of comparative advantage in trade, but also highlights the potential risks and vulnerabilities associated with using Huawei technology in critical infrastructure. The chapter also explores the consequences of China's ownership of US debt and the impact of the Huawei controversy on China's economy.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app