Analysis

The death of globalisation?

25 snips
Feb 27, 2023
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INSIGHT

Subsidy Wars

  • Subsidy races favor wealthy nations, leaving poorer countries behind.
  • The UK car industry struggles to compete with US subsidies, causing production shifts.
ANECDOTE

Weaponizing Integration

  • The US implemented export controls and increased investment screening, particularly concerning China.
  • Tools of global integration are becoming weaponized in a zero-sum game.
INSIGHT

Inequality and Nationalism

  • Rising in-country inequality fueled nationalism and protectionism, contributing to events like Brexit and Trump's rise.
  • The global market system has become detached from the interests of voters.
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