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Fig. 9.9 shows manufacturing production and the rapid rise of China.One of the largest issues for production now is the shortage of microchips for vehicle

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Fig. 9.9 shows manufacturing production and the rapid rise of China.One of the largest issues for production now is the shortage of microchips for vehicle assembly production.Based on your book's focus on US-China trade, which country do you think will come out best in the post-pandemic world? Why?

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2,000,000,000,000 1,000,000,000,000 1,400,000,000,000 1,600,000,000,000 1,800,000,000,000 1,200,000,000,000 800,000,000,000 600,000,000,000 200,000,000,000 400,000,000,000 0 1970 1972 1974 Source: United Nations (http://unstats.un.org/unsd/snaama/dnllist.asp) 1976 1978 1980 1982 1984 1986 This graph shows the level of value added for manufactured goods over time, including the rapid rise of China. 1988 1990 FIGURE 9.9 Manufacturing Output 1970 to 2014 (in Constant 2005 US Dollars) 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 -China Japan -Germany United States

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