2. Lax environmental regulations make materials, disposal, and energy cheaper (which is really just dumping externalities on others).
3. China for one subsidizes its industries. Corporations can’t generally compete with governments, especially big ones with their own sovereign currency.
1. Even slightly cheaper labor matters at scale.
2. Lax environmental regulations make materials, disposal, and energy cheaper (which is really just dumping externalities on others).
3. China for one subsidizes its industries. Corporations can’t generally compete with governments, especially big ones with their own sovereign currency.