Tuesday, September 13, 2022

Russian Aviation Industry Corrects Yeltsin Yaw–Boeing, Airbus Ditched — John Helmer

Import substitution.

This bears on world trade. The present geopolitical situation is affecting the international flow of goods, including materials, intermediate goods and finished goods.  The world economy is heavily influenced by the level and quality of international trade. Sanctions, of course, inhibit international trade and result in new supply chains and also import substitution. Both Russia and China have adopted policies of self-sufficiency. Being large-scale with plenty of knowledge, skill, experience, technology and industrial capability, this avenue is available to them.

Naked Capitalism
Russian Aviation Industry Corrects Yeltsin Yaw – Boeing, Airbus Ditched
John Helmer at Dancing with Bears

1 comment:

Peter Pan said...

Autarky is not just for the big dogs.