And even when they can, comparative advantages are still a thing.
That being said, I do agree that with a reduction in the need for oil, the importance and use of a reserve currencies will reduce even if they don’t go away fully.
Yes, but if you're not manufacturing a bunch of stuff for export, then you can also dedicate the resources used for that to build what you actually want.
And even when they can, comparative advantages are still a thing.
That being said, I do agree that with a reduction in the need for oil, the importance and use of a reserve currencies will reduce even if they don’t go away fully.