The worry about cross-border capital flows
They are growing fast and they pose a threat to stability
WHEN GLOBALISATION was at its zenith, huge rewards flowed to those who squeezed out redundancies in the world’s supply chains. Only when the pandemic struck—when lockdowns in Asia threatened the supply of goods to the world—was it clear how fragile the system could be. The world’s financial supply chains are just as crucial, but even less well understood. A similar shock may lie in store.
This article appeared in the Leaders section of the print edition under the headline “A good idea, until it isn’t”
Leaders January 15th 2022
- Welcome to the era of the bossy state
- Boris Johnson has always been unfit to be prime minister
- America has failed to learn from the safe opening of classrooms abroad
- Central Asia will remain unstable, however many troops Russia sends
- Hindu bigots are openly urging Indians to murder Muslims
- The worry about cross-border capital flows
From the January 15th 2022 edition
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