More than just a bit. The US is far too big a part of the world’s economy that it can crash without also causing major misery just about everywhere else.
Meh, you are overselling u.s. a bit, if it was early 2000s that may be true, but today, with China overtaking most of the supply chain in the world and also the biggest consumer.
Also China funded a lot of infrastructure in many countries and some of those also invested a bit in advance their own structures (Brazil used to exporte oranges and import orange juice back on those days, that was the favorite exemples).
No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.
More than just a bit. The US is far too big a part of the world’s economy that it can crash without also causing major misery just about everywhere else.
Meh, you are overselling u.s. a bit, if it was early 2000s that may be true, but today, with China overtaking most of the supply chain in the world and also the biggest consumer.
Also China funded a lot of infrastructure in many countries and some of those also invested a bit in advance their own structures (Brazil used to exporte oranges and import orange juice back on those days, that was the favorite exemples).
No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.