No.

But at least you know what a firm is.

Ok then explain your point

firmly grasping my dick

*disk

putting halo ce in the xbox <:troll:795676641450917888>

A firm has to generate profit in order to justify the initial investment and continued investment, and it's in the best interest of the firm owner to maximize profits. One easy way to do this is to improve productivity, but these things are finite, and you're going to achieve an opptimizied level of productivity until you change something about the system?

Agree or disagree? @Punished Nazberg

What's your point

Is your point that " if you're maintaining commodity production and the profit motive, globalization is inevitable"?

I am proving this point right now

That no matter how protectionist or command economy a state is, it's doomed to globalisation?

It'll either globalize or economically stagnate and become irrelevant.

The best you can hope for with that type of macroeconomic strategy is to become North Korea

And if that's fine for you for your country and your people, that's a great thing to advocate

If you're not braindead it doesn't make any sense.

Is China outsourcing its labour to the rest of the world?

Yes

Are you kidding me

They outsource to Africa because they're reaching productive optimization in China

They literally are.

https://www.brookings.edu/blog/africa-in-focus/2019/03/05/migration-of-chinese-manufacturing-jobs-to-africa-myth-or-reality/

Again

Most western firms who invest in china aren't even allowed to move their assets out of china

I know you people don't read

But it's been a subject of discussion in economics academia for the pat like 5 years

Okay and?

What does that have to do with our discussion?

Globalization is inevitability if you maintain commodity production and the profit motive

it's not a prime sign of a globalised economy

It is indicative of the point I'm making about the outsourcing of labor

Which I thought we understood to be a part of globalization in this discussion

They've achieved a certain level of optimization in regards to domestic labor exploitation, so Chinese capital is having to change something within the system to maintain growth.

The easiest and simplest choice is outsourcing labor usually.

theory pee pee poo poo, how about you prevent foreign firms from dominating your economy

You can't.

When is china set to fail

That's not how economics works.

China isn't going to fail.

It's probably going to take over as the global super power once the US collapses in the next century

Allah willing