Premature to declare death of globalisation; geopolitics transforming trade

Reports of the death of globalisation are looking greatly exaggerated.

Yes, a US-China trade war, a global pandemic, Brexit and Russia’s war in Ukraine have rattled the once-entrenched ways that the world’s largest economies trade with each other. Such events are beginning to transform supply chains in important ways.

But trade experts also warn that it’s premature to declare the end of a world economy stitched together by cross-border commerce.

The shifting contours of the global trading system mark a kind of “reglobalization” where multinational companies are adapting their trade networks to accommodate the new economic and geopolitical challenges.

Why