Manufacturing is a vital sector to the world economy and in the last few decades it has been dominated by China. The Western world has been able to prosper off low cost Chinese manufacturing that has allowed us to purchase products very cheaply and ease cost of living pressures. Another manufacturing power, Europe, will also see further headwinds from its demographic collapse and energy insecurity that will significantly impact its ability to manufacture goods and sell them to the global market .However, Asian manufacturing dominance is coming to an end, leading only one region to be the manufacturing powerhouse of the future: North America. In this video, we are going to look at the current manufacturing situation and why you can expect North America to dominate manufacturing in the century to come. You’re watching All Things Humanities
Sources:
Peter Zeihan, The End of the World is Just the Beginning 2022
