Originally Posted By swoleyo⏩

Originally Posted By swoleyo⏩

Originally Posted By chicagopizzaboy⏩

Now, two years into a worldwide pandemic, with war ranging in Europe and a broken supply chain weighing on the economy, top world leaders, chief executives and economists are reassessing globalization and newly emphasizing resilience. Once dominant players like China and Russia are largely missing, and companies are talking about moving manufacturing hubs closer to their customers. “Is Globalization Dead?” asks one of the 300 panels at the World Economic Forum’s annual gathering this week.
The verdict: It’s complicated. But signs of a shifting world order and trepidation about exactly where things will land permeated the five-day conference and its many champagne-filled soirees.

“There is a real angst about globalization this year,” said Jason Furman, an economist at Harvard University and former Obama adviser. “I mean, there’s always angst about globalization, but the big question this year is: How do you get out of any of this stuff? What’s the endgame of the China lockdowns? Or Russia’s invasion of Ukraine? When will inflation go away? There are no obvious off-ramps for any of these problems.”