Globalization : Is The Party Over
Globalization : Is The Party Over ? Few years ago the leading economic and political weekly The Economist used a term “Slowbalisation” to describe the fragile state of international trade and commerce. After the decades 1990s - 2000s the pace of economic integration stalled in the 2010s, as firms grappled with the aftershocks of a financial crisis, a populist revolt against open borders and the past US President Donald Trump’s trade war. The flow of goods and capital stagnated. Many bosses postponed big decisions on investing abroad: justintime gave way to wait and see. No one knew if Globalization faced a blip or extinction. So my question - Is the party is over ? Now the waiting is over, as the pandemic and war in Ukraine have triggered a once in a generation reimagining of global capitalism in boardrooms and governments Everywhere you look, supply chains are being transformed, from the $9trn in inventories, stockpiled as insurance ...