Quote:
Originally Posted by fjtorres
That is lesson everybody has learned.
Germany, for one, is starting up a native electronics industry (from design to chip fabbing) because they realize the techno!ogy base of a country determines the degree to which it controls its future.
https://www.msn.com/en-us/news/techn...st/ar-BB15fiOK
The US has always known *that* but it allowed too much *production*, especially of medical feedstocks, to move out of the country. There is now an effort to activate the production capacity most recently shut down, in Puerto Rico, because it can be quickly restored.
https://nypost.com/2020/03/07/corona...n-puerto-rico/
The pandemic has shown that border control and local sourcing of at least a minimum of essential supplies is critical to the well-being of a nation, putting an end to the hoary old "distributed competitive advantage" underpining globalization.
Come crisis time, even friendly nations put local needs first.
To say nothing of hostile ones.
There's a new normal coming to global trade.
It won't be just union heads screaming for "build local to sell local". |
Do you think this change will really be actioned by governments, or will it be forgotten as the crisis lessens and hopefully passes?