The rise of China and Asia has created a new set of competitors and displaced established industries in developed countries, becoming a major political factor in countries like the US and Europe, and creating concerns about de-industrialization in developing countries that previously made progress.
causalpending
Speaker
Martin WolfEvidence Quote
“it is also created a completely new set of suppliers a new set of competitors very large number of developing and emerging countries but also developed countries have found that industries that they thought were well established and stable have been out competed by China and have disappeared and that's become a very big political Factor [8:48]”
Created: 8/12/2026, 6:24:34 PM
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