China hopes to shift production from low-wage human labor to robots, as South Korea has done.
What were the 1970s like in China, when even mainstream Western politicians came to call on Mao in Beijing?
If anything, the German Problem is complacency, not the current account surplus.
Germany’s over-dependence on its automotive industry will be its undoing.
How does India fit into the world economy? Does the world’s soon to be most populous nation have a viable economic strategy?
The share of jobs held in the manufacturing sector continue to fall in the United States.
What percentage of U.S. jobs does the manufacturing sector account for?
Despite all the hype, few manufacturing jobs have returned to the United States so far.
Reliance on a phony form of “energy security” locks the U.S. into a world of diminishing returns.