2min chapter

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Why the World Can’t Quit Its Addiction to Chinese Goods

Trumponomics

CHAPTER

The Cost of Decoupling

Globalisation where China produces all manufacturing goods may not be the most efficient model. You're invested in China because there's low cost of labour input, technology makes expensive labour actually more productive. So if you have the right technology in other places where labour is more expensive, call it the United States, the more productive worker could actually be more worthwhile to invest in.

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