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Line 254: − − === The USA was among the most 10 most diverse economies in 2018 according to the Word Atlas website === − [[File:Countries with the most diverse economies.jpg|thumbnail|1000px|center|The USA was among the most 10 most diverse economies in 2018 according to the Word Atlas website.<ref>[https://www.worldatlas.com/articles/countries-with-the-most-diverse-economies.html#:~:text=Most%20Diverse%20Economies-,Japan,the%20sophistication%20of%20its%20exports. Countries With The Most Diverse Economies]</ref>]] − {{Clear}}
United States of America (view source)
Revision as of 19:54, December 27, 2023
, 19:54, December 27, 2023→Diversification of the economy in the United States
*[https://www.americanmanufacturing.org/blog/mckinsey-study-shortened-supply-chains-are-coming/ McKinsey Study: Shortened Supply Chains are Coming]
*[https://www.americanmanufacturing.org/blog/mckinsey-study-shortened-supply-chains-are-coming/ McKinsey Study: Shortened Supply Chains are Coming]
</ref> First, due to Covid-19 disruptions in production in China. Furthermore, China is facing an aging populations with a shortage of workers due to their previous [[One-child Policy]]. East Asia as a whole with its subreplacement level of births will also face labor problems in the future as well. As a result, America will face a lower risk of its supply chains disruptions due to countries not being able to keep up with demand or foreign powers militarily disrupting its supply chains. The net result of this is the USA will have a lower need to project its power overseas. The USA having less of a need to be the world's supply chain protector and policeman will cause a less globalized economy and more of an emphasis on regional/local economies. See: [https://www.rbccm.com/en/story/story.page?dcr=templatedata/article/story/data/2023/07/a-new-wave-of-reshoring-for-us-manufacturers A New Wave of Reshoring for US Manufacturers] and [https://www.americanmanufacturing.org/blog/mckinsey-study-shortened-supply-chains-are-coming/ McKinsey Study: Shortened Supply Chains are Coming]
</ref> First, due to Covid-19 disruptions in production in China. Furthermore, China is facing an aging populations with a shortage of workers due to their previous [[One-child Policy]]. East Asia as a whole with its subreplacement level of births will also face labor problems in the future as well. As a result, America will face a lower risk of its supply chains disruptions due to countries not being able to keep up with demand or foreign powers militarily disrupting its supply chains. The net result of this is the USA will have a lower need to project its power overseas. The USA having less of a need to be the world's supply chain protector and policeman will cause a less globalized economy and more of an emphasis on regional/local economies. See: [https://www.rbccm.com/en/story/story.page?dcr=templatedata/article/story/data/2023/07/a-new-wave-of-reshoring-for-us-manufacturers A New Wave of Reshoring for US Manufacturers] and [https://www.americanmanufacturing.org/blog/mckinsey-study-shortened-supply-chains-are-coming/ McKinsey Study: Shortened Supply Chains are Coming]
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