Globalization Is Fracturing. So What Comes Next?

After the Cold War ended, globalization took hold as the world became a network of interconnected economies. But events of recent years have caused fractures along geopolitical lines, prompting both leaders and companies to reevaluate who they do business with, and how. Amid the turmoil, a group of countries are capitalizing on this new reality, and thriving.

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[Caesar_Americanus]

It's easy to dismiss other countries' concerns about acting politically on the effects of globalization when your country dictates the economic policy.

[Alexh]

"Multipolarity" is the dirty word that this program was trying to avoid lol

[crawkn]

Supply chain complexity obviously went to unsustainable extremes, creating fragility in the event of a trade shock. But the drastic de-globalization of the world's economies is an overcompensation. Trade isolationism introduces new fragility into local economies. Even the U.S., who is best positioned for self-reliance, will suffer from the inherent inefficiencies. Globalization isn't dying, it is just hibernating.

[Fredreegz]

Sometimes I find this kind of perspective really short sighted. "We're seeing trade wars with China... war in the middle east and coups in Africa" Those things are terrible, but those things have been happening continuously without pause for the last eighty years – why is now suddenly different?

[JJ-siqh]

I don't think most people are against connected economies. People are against the over reach of governments and the inability to get aware from an onerous one

[dv]

We need a global cultural wave that promotes regional economies

[juanmontoya]

Cacao has never been harvested in Swiss Alps. Likewise, iron ore into Toyotas.
Japan does not produce iron ore. Globalization have always existed even before
it was called as such. The Portuguese bought spices in India and sold it in Europe.

[hyperpoints]

we need circuit economics. that’s all there is to it. it’s healthcare 101 we need circulation to live. applies to economies too. the truth is…if we apply the biological metaphor to infinite growth the “line going up” is a wound spurting blood into the air…when what we really want is healthy circulation. the problem is our whole world today is laid out as a bunch of “endpoints” rather than circulatory channels. if we think of money as blood cells and it’s just pooling in bank accounts, i mean…that doesn’t sound biologically healthy to me! everything is stuck in a rut and spurting blood. circular economics is a win win for everyone but we have to actually design it that way. and the truth is…economic circuits may not even need money to function at all

[lafeeshmeister]

Humbly: globalization is going to happen, one way or another, but not the American way; historically, trends like this have tended to arise not all at once but unevenly, in fits and starts. The twentieth century was both a time of global fracture and globalization. I bet the twenty-first will be similar in that respect.

[alejandrorp]

Globalisation isn't going anywhere. We're all co-dependant (resources, products, labor, learning, tech, info...) on one another as countries, private companies even more so. It's just that it may not be a mainly US/West-lead effort anymore. And that doesn't necessarily need to be a bad thing.

PS: emphasis on 'mainly'. Some people seemed offended(?) or outraged(?) somehow.

[mahesh_sagar]

As a Bussiness owner I see that some of us are totally dependent on refinancing our debt before the cash reserve runs out but my pals think I am not helping them even though I got cash. And its also easy to manipulate numbers on a small scale which helps to improve our creditworthyness but the only thing concerning is creditors stop funding our operations due to high competition and no actual demand
In the real estate sector. Being a landlord doesn't have the glory which it used to had.

[harper-rosewright]

I comprehend this traditional point of view on economies and globalization however the generally accepted fact is somewhat basic at its center: "Globalization" isn't something that anybody controls as we can't pick regardless of whether we live on a similar planet. We as people need to cooperate to make better circumstances on this planet for us all, regardless of whether we like it. You can't get away from this dynamic. As businesses expand globally, they often require consulting services to navigate international markets, regulations. i have built a long-term relationship with a financial analyst and I'm in steady stream of income

[OsakaJoe]

Life goes on. Like it has for millions of years. It's literally not the end of the world. Well. Maybe it is for those who profited from "globalization." Grow. Adapt. 🤷‍♂️

[sen-nyan]

It was interesting to hear about globalization reshaping, as previously i heard only about globalization dying out. I believe that nowadays we can see how geopolitical change affect our everyday lives, so i think i can agree with the main points of the video, but i’m not sure if countries named as “countries-connectors” will be remained just connectors. I think that their economy will drastically became more stable and essential. What do you think?

[chrismoiser]

It's not regionalisation, it's a rerouting of Western supply chains away from China and Russia. The US remains committed to globalisation but only under it's own terms and conditions. The thumbnail of the UN votes to condemn Russia shows the picture. The world is politically organised around two power centres - one in North America and one in Asia. That political struggle is now being expressed in economic terms.

[EthelbertCoyote]

Globalizations risk is if it is not for everyone, it's not just unstable it converts trade into protectionism that converts IP, stock markets, resources and commodities into smaller more national concerns. That changes what could have be solved with diplomats and business people into jobs for politicians and military personnel. Globalization is not dead but neither is factionalism and factionalism is so much more volitie and business/trade hates unpredcitablity.

[ImTheFatboy]

Ive been thinking it seems like weve expanded globally as far as we can comfortably without some major changes. I think its gonna go from people caring about the globe to people going back into their own cities and neighborhoods. Less news about foreign affairs and more news about main street where you live

[arachnid]

As an American, I think parts of the world are tired of us meddling.

[healthymealrecipe]

You choose to condemn russia but choose to do the same thing in Palestine

[ALaz]

A horrific world war and the very slow collapse of modern civilization.