flâneur

Which industries will China dominate? - by Noah Smith

noahpinion.substack.com · 3,254 words · saved by 1 readers

A few key principles.

Nothing like the current era of international industrial competition has ever been seen before. Nothing like modern distributed supply chains even existed until the last few decades. The competition between the U.S., Japan, and Europe over cars and semiconductors in the 80s and 90s is probably the closest parallel, but the differences are vast — this time, the competitors are not allies, but rivals, on opposite sides of a new cold war. And the impacts of new technologies — especially green energy and AI — is highly uncertain. The factors at play include: Export controls Government-directed…

saved by

related reading