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What does "decoupling" even mean? Is there consensus around a set of metrics that would define it? Maybe I'm not talking to the right people, but no one in my industry has been able to tell me with any conviction what decoupling is, much less whether or not "it" is even possible.
Does 'decoupling' mean less trade? How much less? In what sectors exactly? Does it mean less investment? What do you mean "investment"? Does it mean keeping each other's technology out of each other's networks? What technology? What networks?
This word has bled into the global policy conversation and become a talking point with poor strategic and logical foundation. Data analysts struggle to map the ramifications, because the word itself is unclear.
Existing extremely hypothetical projections show that we have no real idea what the ramifications would be, but that in today's globally-interconnected markets, there would probably be lots of unintended consequences for China, the U.S., and its allies. https://www.uschamber.com/sites/default/files/024001_us_china_decoupling_report_fin.pdf …
People keep asking whether or not I think decoupling is a good idea, and I don't have an opinion, because the truth is, I don't know what they're talking about, and I suspect neither do they.
It sounds good for media to print
If it’s meant in the context of the US and China then i take it to mean less reliance on the other for production and growth. The best example of this is for semiconductors and use of USD, deemed strategically vital for both, rather than assembly of consumer goods.
We mapped it! Actions from each side broken down across export/import controls, different kinds of data, supply chains, encryption, financial untangling, travel/visas/study, etc. Stay tuned for our updated version this fall. @gwbstr https://d1y8sb8igg2f8e.cloudfront.net/documents/DigiChina-Mapping-Decoupling-final1.pdf …
I think the Bible talks about decoupling a lot.
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