What a Deglobalized Economy Will Look Like

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SOURCES:
I've linked my sources in the blog that goes along with this video. Links are in the text.

Timestamps:
0:00 - introduction
1:20 - globalization history
7:53 - effects of fragmentation
13:41 - winners and losers
19:10 - conclusion and masterclass

Attribution:
- BYD car show cc BYD
- Russia joins WTO cc Euronews
- China joins WTO cc AP
- Boris on zipline cc On Demand News
- WW1 colorized footage cc (couldn't find the original owner)
- WW2 footage cc CC&C ECPAD
- little green men picture cc Anton Holoborodko (Антон Голобородько)

Narrated and produced by Dr. Joeri Schasfoort

[swakal]

First rule of Geopolitics : There are no permanent friends and foes, only permanent interests

[PAPO]

As a Mexican. I couldn´t be more exited about this new geopolitical/economical era. Our currency has appreciated 20% in 2 years, investment in the industrial sector has been massive since last year. China and the US are fighting over our strategic location and cheap labour. We are just racking up the profits for it. Cheers!

[rakino]

You've given the northen part of the North Island of New Zealand a big haircut, but we're just happy to be included

[AshkanPacino]

As an Iranian I can tell you that we have one of the worst economies in the world, inflation is insane and people are struggling to buy basic food, we don't want to be "Axis", we want a normal relationship with the world and a normal country.

[EliHaNavi]

Interesting that you did not mention a fourth category of those who will benefit from increased fragmentation. That category is labor. Increased fragmentation will lead to increased re-shoring. While I've been hoping for more re-shoring than I'm seeing, I'd recommend looking and exploring this question as to the ongoing trends. For instance, there is already a requirement for data centers (and hence the technicians) to be located in countries that serve the customers of the corresponding databases; or at least be located in "friendly"/aligned countries.

[Jamhael]

As a Brazilian, all I can say is:

THE MARKET IS OPEN, BABY! WHO WANNA BUY? WHO WANNA SELL? WE HAVE ALL!

[bonkersblock]

The global economics will be defined by “friend shoring!” You invest in countries that has no geo political and territorial interests against you!

[salokin]

It'd be worth considering whether or not this will accelerate and entrench regional trade blocks like in the EU and North America, and potentially ASEAN. South and South East Asia could benefit greatly as neutral trading countries especially as their economies have grown rapidly such as Indonesia, Bangladesh, India, Malaysia and the Phillipines. After all, they will gradually be the center of a new "middle class" of consumers and producers.

[euancampbell]

Why do you refer to the west today as the allies and east today as the axis?

Modern blocs are not what they were in the 40s. Using these terms seems to be creating a moral comparison. Which is a fair to believe, but its not an unbiased stance.

[lluc]

Free market and globalization until they start to lose 😂 When they are dominating, the market is free and competition is great; When they are losing, national security is paramount and market force is market farce😂😂😂

[Strykenine]

How economics made war obsolete: A Fairy Tale for Adults.

[joserubio]

Awesome. Your videos are not summarize really well the issue you discuss....congrats!

[SasquatchTactix]

Great timing! My Econ IB students are just starting the global economy unit and economic integration!

[sulamy]

Dr Joeri, you should make a video about the development/industrialization of the US economy in the 19th century. Many people claim it was completely laissez faire and the government played no role, but rarely we see the counter argument

[mrjaratpon]

Please dont use allies vs axis. Because they are not axis they are their own alliance.

[briskyoungploughboy]

Why use the antiquated military terms Allied and Axis? Dollar-Zone and BRICS-Zone.

[urooj]

Saw your comment about not getting enough sleep due to baby . Please take care . It will get easier with time i hope

[tharcysiotatikawa]

What a shitty time to become an adult. Skyrocketing housing prices, a pandemic and many wars affecting food prices and now the estimates are that inflation will get even worse? For God's sake, I really hope it won't be as bad as it seems.

[kevin]

Have yet to watch the video, but just wanted to mention I'm rather turned off by the thumbnail. Calling it "axis" vs "allies" sounds rather sensationalist, and certainly biased. It implies good guys vs bad guys, unwarranted animosity. And beyond making a reference to the "allies" without Russia, which is passable I guess (Molotov-Ribbentrop did happen after all), calling it "axis" without Germany, Italy or Japan is disingenuous to history. That was THE Axis after all.

[nicbahtin]

Maybe protectionism is good for things like real estate. What's the point of globalization if people are out priced out of their neighborhoods.