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The beginning of the undoing of globalization, countries will start bringing industries back home with bills like this.
by jasondc 4y ago
The beginning of the undoing of globalization, countries will start bringing industries back home with bills like this.
- pm90 4y agoGlobalization is here to stay. The economics are just too sweet to “go back”.
- upupandup 4y agoI think so as well, in particular I believe that countries with a large population of young will be the biggest beneficiaries of companies exiting China. It's going to take some time to get back to scale but I believe India, Vietnam, Southeast Asia stands to be the biggest winners. I do not see China returning to status quo anytime soon. It's more likely that they will fall victim to nationalistic fervor and close its doors.
- trevorboaconstr 4y agoNo, I don’t think so. The last few years have been no more than a speed bump in the 100 year trend of increased global interconnection.
- culi 4y ago"Global interconnection" is not the same thing as "globalization". In many ways they're actually opposed. With globalization comes increased strength of patent and copyright laws and much more control over what crosses what borders There's a direct relationship between international trade agreements and border security
- trevorboaconstr 4y agoSo, your position is that this century long trend of globalization is over and all systemic mechanism that enable it will somehow, someway, cease. Or, what exactly? What is your position? Because, if for example, the crisis in Ukraine has shown, countries need more diversification, not less.
- vkou 4y agoThis is the 23rd year in a row that people have been saying this, at the rate we're going, globalization will be undone any minute now. This is just a taxpayer gift to multinationals. If you want to undo globalization, handouts aren't the solution, tariffs are.