Odd Lots The American Entrepreneurs Who First Opened The Chinese Market
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Jun 27, 2024 Elizabeth Ingleson, an Assistant Professor at the London School of Economics and author of "Made in China," dives into the fascinating origins of U.S.-China trade. She highlights visionary American entrepreneurs from the 1970s who identified China's potential as a manufacturing giant. The discussion reveals the transformative economic policies initiated post-Mao and the evolution of perceptions around Chinese goods. Ingleson illustrates how these pioneers overcame obstacles and reshaped global trade dynamics, offering a fresh perspective on current U.S.-China relations.
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Inevitability of US-China Trade
- The U.S.-China trade relationship, often seen as inevitable, wasn't predetermined.
- Other countries like India could have become major trade partners instead.
Shifting Manufacturing Hubs
- Tracy Alloway recalls that most of her toys in the 1980s were made in Taiwan.
- This highlights a shift in manufacturing hubs over time.
US Role in China's Rise
- The dominant narrative of China's economic rise overlooks the role of the US in shaping their interdependence.
- This interdependence was built on the convergence of both nations' interests and transformations.
