> However, we find no evidence of reshoring or friend-shoring<p>I have no real horse in the race about export controls with China or elsewhere, but some notes: timelines matter here — rebuilding industrial capacity is .. not fast. Especially in the US today, much more safety-conscious, labor-rights oriented, etc, than when much of our on-shore industry got build in WW2 era.<p>To my mind, especially with US political cycles providing a fair amount of policy whiplash, it’s too early to see what total impact these rules have had — let’s check in on these numbers in 20 years. If export controls continued unabated over that period, I imagine we’ll have seen a fair amount of on-shoring of former supply chains.
Is there any other forum source that focuses on economic/central banking news, similar to Hacker news? I know that economics often appear in the feed, but I am looking for one where that's a larger focus.
There is quite a lot of circumstantial evidence that the US's industrial capabilities have mean-reverted from the middle of the century where they were a stand-out superpower (partly because the other industrialists, Europe, engaged in something that looked like a big civil war). Things like energy trends, growth rates, locus of new industries, the decline of the US to using money printing strategies, environmentalism in the West, etc.<p>It is plausible that China is the economy in the global drivers seat now. If they are, then attempts to limit their economy will probably bounce off - unless violence is used, the laws of economics favour those who work hard, invest and are honest about what is affordable. The evidence suggests China does those things better than the US (although it is probably fairly knife-edge, both countries have out-of-control levels of government intervention in markets but at some point China will probably do something stupidly authoritarian).<p>This report is interesting in light of that frame.
> However, we find no evidence of reshoring or friend-shoring<p>Between how specialized a lot of the tech is and a lot of things only being worth doing if it is cheap, was this surprising?