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Posted >1 y ago
Responses: 2
The author makes a very compelling case. BUT (you knew that was coming, didn't you?) I still wonder at the volatility of the Chinese economy inasmuch as so much of it is dependent on it exports to the US in exchange for American capital. I see them attempting to transfer their reliance on US markets to the EU but they aren't all that stable. The greatest threat of Brexit is that it will inspire other marginal players to exit the EU and their combined loss, although individually insignificant, could seriously disrupt the EU economy. Africa and the Middle East, also targets of Chinese marketing won't offer a significant alternative to US markets. Thus, the best way for the US to counter Chinese economic advances is to begin focusing on other emerging economies and help build them as it once helped build the Chinese economy.
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