18 Oct 2023

E15: Why Pax Americana is Dying and What Happens if China Attacks Taiwan

"Econ 102" with Noah Smith and Erik Torenberg

This podcast episode delves into the economic implications of geopolitical conflicts, specifically focusing on the Gaza conflict and the tensions between China and Taiwan. The complexities of these conflicts are explored, highlighting how they can impact GDP growth, peace, and international relations. Key points made include the importance of diplomatic efforts, the need for diversification of manufacturing operations, and the auditing of supply chains to manage associated risks. The episode also highlights Taiwan's significance in global security and the change in US policy towards explicit defense. The role of Japan in the Taiwan issue is discussed, as well as the potential consequences of China's control over Taiwan. The overall desire for power by China and its implications for the United States are examined, along with the shifting dynamics of global security involving Europe and Japan. Ultimately, this episode underscores the multifaceted nature of these conflicts and emphasizes the importance of understanding their intricacies. Main points • Economic implications of the Gaza conflict and the tensions between China and Taiwan • Need for diplomatic efforts and consideration of GDP growth in conflict zones • Importance of companies diversifying manufacturing operations away from China to mitigate risks • Significance of auditing supply chains for transparency and resilience • Complexities surrounding Taiwan and its strategic importance • Shift in US policy towards Taiwan from strategic ambiguity to explicit defense • Role of Japan in the Taiwan issue and potential consequences of China's rule over Taiwan • China's desires for power and the implications for the United States • Europe and Japan's involvement in global security and regional conflicts • Impact of Biden's policy on Israel and Iran, and the need for preparation in the face of potential conflicts

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