Of the longer-term implications emerging from this global pandemic, one of the more likely—and more discussed—ones is an acceleration of the trend toward deglobalization and localization. In this Economics Weekly, we discuss this trend, how we got here, whether or not the backlash we are seeing is against China or globalization more generally, and where we are headed next.
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Richard de Chazal, CFA is a London-based macroeconomist covering the U.S. economy and financial markets.