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21 sats \ 3 replies \ @riberet19 6 May \ parent \ on: China Surpasses EU and US as Dominant Partner for Developing Nations econ
Do you think this could happen in the medium or long term?
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10 sats \ 2 replies \ @Undisciplined 6 May
Either... both.
Trade flows scale proportionally with economy size and inversely with distance. As Europe shrinks economically, their trade partners will also shrink, but to a lesser degree.
Over time, economies closer to Asia will grow more and those closer to Europe will shrink.
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63 sats \ 1 reply \ @riberet19 6 May
This makes a lot of sense, if the outlook continues like this, I can see Europe progressively weakening until there is a breaking point, I think we are in for quite a bit of pain.
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42 sats \ 0 replies \ @Undisciplined 6 May
They might just be at a trade disadvantage, by virtue of being further away from Asia, and that might put downward pressure on their economies.
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