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Re:How This Ends by nradov on Sunday May 22, 2022 @01:19PM (#31470505)
There will still be global supply chains outside of the pariah states. But purchasing will be diversified across more sources so as to mitigate the risks of disruption from politics, violence, natural disasters, pandemics, etc. This will be a more stable and resilient system, but it will be less efficient (Ricardo's Law of Comparative Advantage), and the average rate of economic growth will slow down.
Re:How This Ends by lupire on Sunday May 22, 2022 @01:32PM (#31470646)
Diversification doesn't happen, because even if it's globally optimal, not locally optimal for individual decision makers.