Here's a thing ; our Planet has one market, where each country buy or sell products like small market you have nearby.
Demand and Supply is the key we have to consider anytime, anywhere. Even though you have great product to sell, it's gonna useless if there's no one to buy.
then, why are we always hearing about the global economy going bad here and there?
To jump to the conclusion, it's less demand over supply . In other words, people don't want to spend money year by year.
- The US is used to be the most important consumer, but in recent decade they don't want to be the only consumer.
because they want to protect the domestic manufacturing industry and have no more room to accept the trade deficit
every year, not to mention about Covid19 crisis.
Financial polarization in the country leads to social conflict like every country around the world face.
- China, the global factory is having problem if the US don't buy no longer. so they announced they were gonna make
bigger domestic demand, we'll see if it's gonna work.
As global economy's break-down continues, global market imbalance is getting worse.
It means that people are likely to save the money in case of the worst scenario, so are countries likely to export more
import less.
The solution is the Demand, purchasing power. Who's gonna be the consumer? It's always the dilemma.
- The EU, Japan (Used to be the richest country) is no longer the consumer which had economically injured very badly
before, and still can't get out of the depression.
- The emerging countries is being more damage-prone in the status of economic crisis.
they've developed by only the export, so that we don't expect their domestic demands.
We have only solution to this, the cooperation globally . As of today, it's impossible.....