🔴Live Stream | OPEC Saudi Arabia OIL China & West 2022

Join PTE (AJ), & Alex
OCT 07 6PM Beijing
OCT 07 11AM London

China and the West: growing apart as geopolitical tensions grow
The model of increasing economic interdependence between the West and the emerging world was built on assumptions that no longer hold.

The model of increasing economic interdependence between the West and the emerging world (especially China) was built on assumptions that no longer hold. The West assumed that keeping high-value production at home would create growth-stimulating wealth, and that this wealth would be shared to keep the middle class thriving. However, while multinationals have generally benefitted from globalisation, the middle class in the developed world, especially in the United States, lost purchasing power as manufacturing jobs were shifted overseas. Furthermore, developed world tax bases have shrunk as multinationals have relocated to low-tax jurisdictions, encouraged by a shift towards supply chains that create loopholes in the allocation of profits.

SUBSCRIBE TO THESE CHANNELS
iChongqing
https://www.youtube.com/c/iChongqing

PTE Wolf Warrior Diplomat https://www.youtube.com/c/PTEPoliticsTechandEconomy

PTE World Gone Crazy https://www.youtube.com/c/PTEGeopoliticsWorldGoneCrazy

Reporterfy Media
https://www.youtube.com/c/ReporterfyMedia

#china #livestream #chinavlog