The tricky restructuring of global supply chains
Why too much resilience is dangerous
Three years ago The Economist used the term “slowbalisation” to describe the fragile state of international trade and commerce. After the go-go 1990s and 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 President Donald Trump’s trade war. The flow of goods and capital stagnated. Many bosses postponed big decisions on investing abroad: just-in-time gave way to wait-and-see. No one knew if globalisation faced a blip or extinction.
This article appeared in the Leaders section of the print edition under the headline “Reinventing globalisation”
Leaders June 18th 2022
- The tricky restructuring of global supply chains
- Latin America’s vicious circle is a warning to the West
- The Fed and the ECB turn on a dime
- The EU should declare Ukraine a candidate for membership
- The property industry has a huge carbon footprint. Here’s how to reduce it
- Britain’s bill to rip up the Northern Ireland protocol is a terrible idea
From the June 18th 2022 edition
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