Just as America would like to reduce its dependence on external production, so to do other countries want to reduce their own. We used to live in a world converging toward maximal international trade, when in fact it was exploiting underdeveloped nations. As we progress globally, and as the development gap shrinks, we have noticed power dynamics which weren't well guarded against in the old way.
So now what? How do we preserve a lot of the efficiencies of the past, while strengthening the resilience and redundancy. How can multiple nations create policy which drives business on partially compatible protocols?
If I allow myself to be optimistic, I'd be hoping for more international lawyers and trade agreements. Protectionism is natural, but taken too far, isolationism is a death sentence.
So now what? How do we preserve a lot of the efficiencies of the past, while strengthening the resilience and redundancy. How can multiple nations create policy which drives business on partially compatible protocols?
If I allow myself to be optimistic, I'd be hoping for more international lawyers and trade agreements. Protectionism is natural, but taken too far, isolationism is a death sentence.