[…] With bare supermarket shelves and the shortage of PPE supplies, the pandemic brought the fragility of global trade and supply chains into stark relief. The tragic war in Ukraine and the political and economic chaos that followed have further underlined the vulnerabilities of globalization. The world, it turns out, isn’t flat—in fact, it’s quite bumpy. This fragmentation has been coming for decades, observes Foroohar. Our neoliberal economic philosophy of prioritizing efficiency over resilience and profits over local prosperity has produced massive inequality, persistent economic insecurity, and distrust in our institutions. This philosophy, which underpinned the last half century of globalization, has run its course. Place-based economics and a wave of technological innovations now make it possible to keep operations, investment, and wealth closer to home, wherever that may be. […] branko2f7.substack.com | Let’s go back to mercantilism and trade blocs!
En los paises desarrollados las clases medias y bajas van a estar peor: […] they pushed for policies that restructured markets in ways that increased inequality and undermined overall economic performance; growth actually slowed as the rules of the game were rewritten to advance the interests of banks and corporations – the rich and powerful – at the expense of everyone else […] The two new large agreements that President Barack Obama has been pushing – the Trans-Pacific Partnership between the US and 11 Pacific Rim countries, and the Transatlantic Trade and Investment Partnership between the EU and the US – are moves in the wrong direction. […] Globalization and its New Discontents Many neoliberal economists, confronted with surging support for populists in Europe and the US, remain convinced that everyone really is benefiting from globalization; they just don’t know it. But if the problem is one of psychology, not… project-syndicate.org|De Joseph E. Stiglitz
Que los acuerdos de libre comercio benefician a las grandes compañías y perjudican al empleo local es algo muy conocido. En el conjunto es un juego de suma positivo, pero provoca concentración de riqueza, y un descenso en la media de ingresos disponibles ¡Cual es la sorpresa entonces? Free Trade With China Wasn’t Such a Great Idea Economists can’t let go of a tired theory. bloombergview.com|De Noah Smith