Western companies have made very high profits in the past by investing in China and benefiting from globalization. As China developed and created its own brands and became a rival to western companies, it became the target of the West.
Yeah, that’s called competition. When China developed its own competitive products should those western companies give up? The development of China was beneficial to both those companies that invested and CHINA!
@@vladnickulHow can you deny western countries giving subsidies to corporations? Lol It's well-known here how hyper-capitalists and crony-capitalists have no issues giving subsidies and welfare to corporations but they want to end it for the commoners. At least know the issues before commenting on them.
@@serebii666 It's just that the topic here is international trade and the causes of its fragmentation, not the causes of sanctions. It's just that it seems "politically incorrect" to say that.🙂
This one second me don't understand much! This insists on saying that protectionism is not a good thing, while in my opinion it is necessary and still insists on carrying forward the concept of globalization, which in my opinion was a wrong idea from the beginning, we must give up the concept of globalization until there is not total collaboration in the world, that currently don't exist!
Okay, so you don't want your country to trade with other countries, but that won't stop other countries from trading with each other. That will lead to their products becoming more competitive and greater exchange of technology, ideas and knowledge between them and in the end your industries and companies will fall behind and lose competitiveness in every aspect from technology to knowledge, investment, and access to markets and resources.
@@danwelterweight4137That is not correct. In order to trade with other countries you need security first. This is the part that everybody forgets about because the US has taken care of it for everybody so long. Open a history book and you will see what trade will “devolve” into once the US becomes disinterested or looses power. It will be a World full of pirates, privateers, private armies owned by companies to secure supply lines, countries attacking others for access or control of resources, etc…
6:47 - “Connector country trade”- this shows supply chains have become longer, not stronger. The US is merely placing another country (like Vietnam or Mexico) in between its trade with China. This creates new risks with the new nodes, it doesn’t reduce the US’s China risk or dependency.
@stefyganda9798 As far as trades go, the wins go both ways. China is pragmatic, I don't think they want to stop the trades flow, but EU is working under America directive so I don't think EU has much of a say in who can they trade with. In the previous comment, I was not talking about trades. I was talking about foreign policy, one of which EU would have to go alone in many cases when Trump is in charge. Btw, I am not from China. I am from the wealthy g7😆
@@stefyganda9798 The US did a lot of trade with Europe back when they were capitalistic and still made products that the world wanted. But now they are socialist and bankrupt and don't make anything that anyone needs. I remember that when I was a kid in the 60s and 70s European products were common in the states. Now i can't remember the last time I saw any. Except for luxury German cars.
@@careyfreeman5056 I know right. Only China is growing, rest of the world is still a massive sh*thole. None of the international groups can stand against Western coliation without China.
Nah the US is fine. The problem is France and Germany both blackmailed by financials and "insider politicians" And ofc the EU with ECP Ursula Von de layen also an US asset.
We need to stop pretending renewable energy alone could fulfill today's needs, let alone the future. We also ignore the fact nuclear power exists. So much stupidity.
@@pedrolopes3542renewable are not reliable sources of energy. Sometimes the sun doesn't shine for days in some places weeks. Sometimes the wind doesn't blow or is inconsistent from second to second. You can't run industries and an economy on unreliable energy sources like that.
TRADE is the best remedy, know what you need and what is .not profitable to manufacture where you are . TRUMP AGA , DEFICITs not an issue, the issue is JOBS and livelihood. WHO know, after a REAL TALK with China, why not BONDED AREAS for MANUFACTURING. Less All types of tax for citizens able to buy , QUALITY is never an ISSUE, it is to US STANDARD. EXport GETS more benefits and MADE IN USA ??????
Do you know why Economies like Indonesia 🇮🇩 , India 🇮🇳 , Vietnam 🇻🇳 and China 🇨🇳 etc.. are growing fastly and many western countries (🇺🇸 and 🇪🇺) Economies growth is Stagnating or going through recession🤔 because they focus on their Economy using realpolitik and positive Economic policies🤟 not like you guys always crying China,Russia,North korea,Iran again and again🤣.
No dimwit, the reason why those countries are growing faster is because their production costs are still very low compared to western developed countries, Poland Roménia and Bulgaria also grow fast because their production costs are low. By the way, in real terms, China is going thru a deep recession right now, consumption is down, construction is down, fdi is down, exports are down and banks have to be bailed out every year by the central government to avoid a complete meltdown of the financial system in China. As soon as an economy reaches a purchasing power level above the consumer market average growth slows down considerably. Right now the consumer markets in the world are Europe, the US, Canada Australia, Japan and China (sort of in the case of China).
@pedrolopes35420 Deep recession? China's GDP gtowth rate is about 5%, much higher than that of most of the EU countries. What term would you use to describe the EU economy?
@@John-.-Smith Imagine not understanding such basic math as 5% of 100 still being less than 1% of 1000 "What term would you use to describe the EU economy?" Developed.
Western companies have made very high profits in the past by investing in China and benefiting from globalization. As China developed and created its own brands and became a rival to western companies, it became the target of the West.
Apparently, the west is only ok with china making shoes and t-shirts. Once china learns to manufacture high tech products, they then became an enemy.
Yeah, that’s called competition. When China developed its own competitive products should those western companies give up? The development of China was beneficial to both those companies that invested and CHINA!
:) no country subsidized "western countries factories" in china.
Exactly. The Chinese outsmarted and outcompeted the Western companies.
It started with Huawei, now Tiktok, and BYD
@@vladnickulHow can you deny western countries giving subsidies to corporations? Lol
It's well-known here how hyper-capitalists and crony-capitalists have no issues giving subsidies and welfare to corporations but they want to end it for the commoners. At least know the issues before commenting on them.
Correction: Trade between geopolitical partners is not a consequence of the war in Ukraine but sanctions imposed by the West.
And the sanctions are.... a consequence of the war in Ukraine. Thanks for playing!
@@serebii666 It's just that the topic here is international trade and the causes of its fragmentation, not the causes of sanctions. It's just that it seems "politically incorrect" to say that.🙂
Well said
@@mimikrya8794 correct
Sanctions imposed by the West after Russian aggression !!!
The world is still enough large to unite entire World for our children. : "World is one family"
Whites beg to differ
This one second me don't understand much!
This insists on saying that protectionism is not a good thing, while in my opinion it is necessary and still insists on carrying forward the concept of globalization, which in my opinion was a wrong idea from the beginning, we must give up the concept of globalization until there is not total collaboration in the world, that currently don't exist!
Okay, so you don't want your country to trade with other countries, but that won't stop other countries from trading with each other.
That will lead to their products becoming more competitive and greater exchange of technology, ideas and knowledge between them and in the end your industries and companies will fall behind and lose competitiveness in every aspect from technology to knowledge, investment, and access to markets and resources.
@@danwelterweight4137That is not correct. In order to trade with other countries you need security first. This is the part that everybody forgets about because the US has taken care of it for everybody so long. Open a history book and you will see what trade will “devolve” into once the US becomes disinterested or looses power. It will be a World full of pirates, privateers, private armies owned by companies to secure supply lines, countries attacking others for access or control of resources, etc…
he did not cut his mustache evenly
Very helpful - Thank you
Especially appreciate d the questions from the interviewer.
6:47 - “Connector country trade”- this shows supply chains have become longer, not stronger. The US is merely placing another country (like Vietnam or Mexico) in between its trade with China. This creates new risks with the new nodes, it doesn’t reduce the US’s China risk or dependency.
Thanks, Katie of DW and IMF Chief Economist Pierre Olivier Gourinchas for his objective analysis of the world's economic landscape.
Trump is winning and the EU would have to go alone. That is the biggest challenge.
But your biggest trading partners are from the EU... So you're gonna throw them away?😂
@stefyganda9798 As far as trades go, the wins go both ways. China is pragmatic, I don't think they want to stop the trades flow, but EU is working under America directive so I don't think EU has much of a say in who can they trade with. In the previous comment, I was not talking about trades. I was talking about foreign policy, one of which EU would have to go alone in many cases when Trump is in charge. Btw, I am not from China. I am from the wealthy g7😆
@@keirenle Yes, you are not from China. 😂
@@stefyganda9798 The US did a lot of trade with Europe back when they were capitalistic and still made products that the world wanted. But now they are socialist and bankrupt and don't make anything that anyone needs. I remember that when I was a kid in the 60s and 70s European products were common in the states. Now i can't remember the last time I saw any. Except for luxury German cars.
一三五崩溃，二四六威胁
为什么今天周三却。。。 难道因为时差，今天算周二？
还好。这集还算不错，主持人与这专家比较没有出现很偏颇的提问与回答，
IMF 😂😂😂😂😂😂 has a long history of "extremely accurate" predictions😂😂😂
The US and EU are declining very fast as growth shift towards east to Asia and the developing global south.
Yeah, keep telling yourself that.
@@careyfreeman5056
I know right.
Only China is growing, rest of the world is still a massive sh*thole.
None of the international groups can stand against Western coliation without China.
Nah the US is fine. The problem is France and Germany both blackmailed by financials and "insider politicians" And ofc the EU with ECP Ursula Von de layen also an US asset.
We need to stop pretending renewable energy alone could fulfill today's needs, let alone the future. We also ignore the fact nuclear power exists. So much stupidity.
Taking into consideration the scarcity of other sources besides renewables, renewables are going to have to do.
@@pedrolopes3542renewable are not reliable sources of energy. Sometimes the sun doesn't shine for days in some places weeks.
Sometimes the wind doesn't blow or is inconsistent from second to second.
You can't run industries and an economy on unreliable energy sources like that.
IMF doesn't need to be concerned with how much money countries are spending.
That’s kind of the point of the IMF. Its job is to make sure countries are pursuing rational economic and fiscal policy.
The stupidity is shifting
IMF is the problem. How they can dictate countries such as African countries. When no one lissten them thier economical concerns and periorities.
Man, they gonna be heartbroken when Trump loses big!
How does proximity, shipping costs/water levels (climate change) and fuel surcharge impact World Trade and local economies (jobs)? 0:12
The global growth rate doesn't matter if you're own growth is stagnant.
This gentleman was very poor. Please find someone more frank in their conversation!!!
will hahaharris win? or Trump?
Germans always about power....power power expert is impotent...forget it. save taxpayer money and close shopp
🤣🤣🤣🤣🤣🤣
☺️☺️☺️
TRADE is the best remedy, know what you need and what is .not profitable to manufacture where you are . TRUMP AGA , DEFICITs not an issue, the issue is JOBS and livelihood.
WHO know, after a REAL TALK with China, why not BONDED AREAS for MANUFACTURING.
Less All types of tax for citizens able to buy , QUALITY is never an ISSUE, it is to US STANDARD. EXport GETS more benefits and MADE IN USA ??????
Iran 🇮🇷 support Palestine 🇵🇸
UK 🇬🇧 support Israel 🇮🇱
Iran😍
Bot😂😂
Do people think Trump will be president? Lmao
65% chance.
Who do you think will be?
TRUMP2024
Probability growing by the day. Not sure what’s there to laugh out loud about.
@@davidlai399 independents hate trump and will vote whatever to keep him out
IM SORRY SPANKY AND OUR GANG BAND POPE FRANCIS ACTOR LEO GORCEY PHYNX MOVIE
Trump will take it back.
How
Back to the stone age.
NOT AIR RAID MOVIE SKY RAID MOVIE CHALLENGES MAKING SURE HEX
ACTOR DONALD WOODS AIRRAID MOVIETHEBLACK DOLL MOVIE KING DAVID HISTORY TEACHER
I HAVE TONSOF WORK TO DO DEEPWORK FOCUS PRIESTHOOD PROPHECY KEY TO THE FUTURE
Do you know why Economies like Indonesia 🇮🇩 , India 🇮🇳 , Vietnam 🇻🇳 and China 🇨🇳 etc.. are growing fastly and many western countries (🇺🇸 and 🇪🇺) Economies growth is Stagnating or going through recession🤔 because they focus on their Economy using realpolitik and positive Economic policies🤟 not like you guys always crying China,Russia,North korea,Iran again and again🤣.
No dimwit, the reason why those countries are growing faster is because their production costs are still very low compared to western developed countries, Poland Roménia and Bulgaria also grow fast because their production costs are low.
By the way, in real terms, China is going thru a deep recession right now, consumption is down, construction is down, fdi is down, exports are down and banks have to be bailed out every year by the central government to avoid a complete meltdown of the financial system in China.
As soon as an economy reaches a purchasing power level above the consumer market average growth slows down considerably. Right now the consumer markets in the world are Europe, the US, Canada Australia, Japan and China (sort of in the case of China).
@@pedrolopes3542 thank you!
Imagine not understanding such basic math as 5% of 100 still being less than 1% of 1000
@pedrolopes35420 Deep recession? China's GDP gtowth rate is about 5%, much higher than that of most of the EU countries.
What term would you use to describe the EU economy?
@@John-.-Smith Imagine not understanding such basic math as 5% of 100 still being less than 1% of 1000
"What term would you use to describe the EU economy?" Developed.
It might be good if you had explained the economic development of Afghanistan and Pakistan in this video as well ❤️🩹