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by devcpp
1665 days ago
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One problem is that globalization comes hand in hand with centralization. All industries have a tendency to cluster around a specific place with the most talent or existing resources. While this gives disproportional power to some states, this also means no state gets all the cards since none has all the industries. China without its partners is nothing. This is a form of mutually assured destruction, which isn't ideal but better than most alternatives. |
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Who in the world has genuinely condemned the Uighyur atrocities that China continues to this day?
China is wielding a lot of clout using its supply chain hegemony.
The problem with manufacturing is that you cannot spring up factories and upstream vendors in an instant. Costs lot of money and time.
For many industries, looks like China has captured a good part of the value chain. So, costs of setting up a semi conductor fab is compounded because you have to set up not only the fab, but the whole ecosystem of vendors and suppliers required to run the fab, not to mention the logistics to transport raw materials and the finished goods.
China has industrialized itself at the cost of developed nations (unlike industrialization in other nations, which was built from within). It has fast-tracked its way to manufacturing top spot with blatant IP copying, aggressive value chain development.