Apr 3, 2023
To compete with China, Europe has to question the orthodoxy of globalization The rose-tinted view of globalization holds that free trade maximizes profits, efficiency, and economic growth by leveraging the power of comparative advantage. In this idealized trade system, countries specialize in products that they can make more easily or cheaply than others, and rely on the free flow of goods to…Read more... https://qz.com/to-compete-with-china-europe-has-to-question-the-ortho-1850284482
