Ricardo Hausmann
speaker
306 appearances
1 recordings
1 series
first heard Jun 2025
last heard Jun 2025
Ricardo Hausmann’s voice in public audio — every appearance, attributed to the second.
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Appearances
not necessarily things like tariffs on chips, right?
Because tariffs on chips would make all industries that use chips less competitive, etcetera.
But uh you know, in uh creating an encouragement for
And by the way, convincing TSMC, you know, the Taiwan Semiconductor Manufacturing Company, which is the the best foundry in in the world, to come and and see if they can figure out how to make it in Arizona.
And by the way, it's very interesting and and it shows you the importance of knowledge and know-how that sometimes it's very, very difficult for the same firm that supposedly the firm knows how to do something, say Boeing knows how to make airplanes in Seattle.
Well guess what?
Making airplanes in South Carolina, making Boeing airplanes in South Carolina proved to be much harder than making airplanes in Seattle.
And and transporting the knowledge was was a big headache.
And right now T SMC is facing serious challenges in transporting uh the knowledge to to Arizona.
So
If you put the accent on m moving the knowledge, things look a little bit different than than uh just a discussion about tariffs.
Well, we went through a Japan scare in the nineteen eighties.
Right.
And what ended up happening in Japan is that uh Japan kept on progressing and becoming good at everything to a point that wages in Japan went up a lot and Japan started to move their industries uh outside the phenomenon that was called the flying yeast.
Right.
And so uh Toyota started to make uh cars in Thailand and
And put things in Korea and so on and so forth.
uh and and then they went into poor states like Vietnam or Indonesia.
So what you have is that the more advanced um manufacturing or the more advanced parts of the value chain like R and D, design,
uh etc are retained in headquarters and you move the more labor intensive, the less skill intensive, the less complex parts, the more standardized parts you move to a locations that pay lower wages.
Showing 201–220 of 306 · page 11 of 16
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