The Past and the Future of US Manufacturing
The news are flooded with debates related to the rise of China and the future of the West. Some observers believe that while Americaâ€™s position erodes China is getting more powerful transforming the Western-oriented world order. Prominent among those debates is the Chinaâ€™s current exchange policy and the effects on US manufacturing sector and on jobs creation. So, topics such as, for example, the undervalued Renmimbi, current account global imbalances, labour costs, inflation, productivity and innovation have became a political imperatives for both countries. However, analysis on the same issue show different results and so the outcome of policy proposals still remains unclear.
The situation between US and China is therefore far from simple and many factors are to be considered. This visualization considers only few factors and summarizes only a part of the story as it appears to be at present.