How has trading with China led to or helped pave the United State current economic status?
All thoughts welcome as to how trading between the United States and China has paved the current (2012) economic status.
1
point
China makes things cheaply and at the beginning, the dollar held a lot of sway there, so it did help us achieve easier material gain. On the other hand, as it became easier to ship businesses, manufacturing, and even computing jobs to the Middle Kingdom, we lost hundreds of potential jobs and profits from taxing exports. So it's a double edged sword I guess. |