Two charts that map the shift in UK exports - with the UK's economy the second largest exporter of services in the world (behind the US), we might say that politicians obsessed with manufacturing are mistaken.
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Two charts that map the shift in UK exports - with the UK's economy the second largest exporter of services in the world (behind the US), we might say that politicians obsessed with manufacturing are mistaken.
or conversely we might wonder what happens when you are dependent for foreigners for so much of your material goods (including food)?
Given shifts in the global political economy's character in the new millennium, over-dependence on trade may now look more risky?
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Two charts that map the shift in UK exports - with the UK's economy the second largest exporter of services in the world (behind the US), we might say that politicians obsessed with manufacturing are mistaken.
or conversely we might wonder what happens when you are dependent for foreigners for so much of your material goods (including food)?
Given shifts in the global political economy's character in the new millennium, over-dependence on trade may now look more risky?
@ChrisMayLA6 Purely anecdotally, I recently had to buy some slippers, an automated water pump, and some off-brand car parts.
Fifteen years ago they would all have been British (or EU). Now all of them were Chinese, apparently good quality, reasonably priced.Companies should remember that a lot of the services exports are linked to maintenance and repair of previously sold hardware. No hardware, no support contracts down the road.
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E energisch_@troet.cafe shared this topic
