- 17 Jul 2021 14:38
#15181399
The importer. If the importer refuses to buy then the factories or production is useless. Meaning that it will pack up and move somewhere where the consumers are or at least from a place where they can start exporting again for a profit.
I do not think that any nation is hopeless to change; however, I think that some nations do require a lot more effort than others to become changed. - Verv
B0ycey wrote:I didn't say that China should shut itself off from the world @JohnRawls, they would of course need to trade. What I said at this moment in time I don't think they need the free market. That is they could cut themselves away from our markets and then focus on their own market instead given there is potential there. At the moment the Chinese aren't consumers like the West as they are frugal but signs are changing and there is at least a growing market there which they could easily improve on.
When you have a market that relies on someone else's labor, who has the advantage. The exporter or the importer?
The importer. If the importer refuses to buy then the factories or production is useless. Meaning that it will pack up and move somewhere where the consumers are or at least from a place where they can start exporting again for a profit.
I do not think that any nation is hopeless to change; however, I think that some nations do require a lot more effort than others to become changed. - Verv