nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpq3fcmmw7xv46m990eht9w6hnhs92hyzhfe40j9n8x89cn6gm7ks3skzyqhd (nprofile…yqhd) I think it's reasonable to conclude that it's valuable when others want something only you can supply, and I definitely appreciate the vulnerability of needing something you can't produce directly. But I don't think that necessarily has implications for trade balances? It doesn't really matter whether you have a surplus or deficit if you rely on critical goods or resources? These seem like distinct trade topics.
I'm not an expert in bargaining or international relations. But if some other country produces essential resources like advanced semiconductors which my country's economy relies on, I'd try to find a way to offer them something essential which they can't produce themselves, like coverage under our hegemonic military umbrella to keep them from being annexed by their neighbors? I'm sure that there are other examples to do with like advanced multi-stage manufacturing chains, but that's the one which comes to mind.
Anyway, specialization is really powerful! Dependence is scary, but interdependence is… good, actually? And if there weren't interdependence (including via third parties) why would your trade partners accept your dollars for a deficit anyway.?
Tilde Lowengrimm /
npub1wl…27pm6
2025-04-04 05:13:47
in reply to nevent1q…n6v6
Author Public Key
npub1wlr54jdt4vf5zahxerl7rucexvhx4646ncsd6q4v30x546e3kh8q227pm6Published at
2025-04-04 05:13:47Event JSON
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