Our New Global Economy

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Published 2023-12-20
The End of Globalization
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The global economy is changing. Countries are realizing that while economic interdependence has brought significant peace to the world, it can also mean supplying the military rise of your biggest rivals.

Special thanks to Bill Reinsch, CSIS, and to AP Newsroom.

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-- VIDEO CHAPTERS --
0:00 Intro
3:48 Global Trade Explodes
11:32 Trade Barriers
14:35 Why is this happening
19:57 Conclusion

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About:
Johnny Harris is an Emmy-winning independent journalist and contributor to the New York Times. Based in Washington, DC, Harris reports on interesting trends and stories domestically and around the globe, publishing to his audience of over 4.5 million on Youtube. Harris produced and hosted the twice Emmy-nominated series Borders for Vox Media. His visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways.

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All Comments (21)
  • @karlputz6721
    Note: Microchips didn't move to Taiwan because of the free market. It moved there because the government invested in it heavily.
  • @Freumble
    Company owner in Europe here, at 12:43 - Government incentives are NOT for small or medium companies, but only big corporations. Small and medium companies are still getting shafted. We made the decision 25 years ago to stay in the country and not send the production to china, which would have been better. We remained in the country, with local skilled workers. The government never cared. Never gave back for staying. Now they are giving nice tax incentive to big corporation to come back, but not to small and medium companies that stayed and paid more than their fair share. Government are just scrambling to get production back because Covid showed how dependent they were on china.
  • Mr Johnny Harris, I tip my hat to you. I am 73 years old and recently retired. I have been a musician, a song -writer, a pilot, a pastor and I have headed up an innovation centre at a university and been a high school teacher - but I have learned more from you than I have learned from a lifetime of formal education. You are the most gifted teacher I have ever witnessed and had the privilege to learn from. Keep up the good work. The people of the world have much to learn and you are the best person to teach it!
  • @Riggsnic_co
    Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
  • @alizz9343
    I think the most important factor that the video totally ignored is one of the main reasons that global trade didn’t lead to world peace is because the US weaponized it with its unilateral sanctions against any country that didn’t agree with it politically, and quickly governments started taking notice and feared that the same might happen to them. And that’s why they started rethinking their dependence on the US controlled financial systems, etc. not the other way around.
  • @aliisgandar6831
    This is pretty much my PhD dissertation topic: rivalry and economic interdependence. It's great to see I'm researching something people are interested in and something relevant to current world affairs.
  • @Varaben
    Whoever does the graphics is doing a great job! Like the maps with the outlines and the company logos moving around. Stuff like that makes the videos more engaging. I’m sure it’s a lot of work!
  • @StreetPreacherr
    Trouble is that if I can get AI to take over my job, it doesn't mean I get to stay home and do something more fulfilling, it just means I'm broke and the business owners will make more money...
  • @Heir2thesun
    I know he means microchips, but hearing big Joe say, "we need to make these chips right here in America" is hilarious without context
  • @Just-trolling
    I saw one short.. went to the channel just to get a feel.. After I read the 5th title, I already got the scope of johnny's brilliance , and subbed 😉
  • @Timkaasjager
    Mind-blowing video, Johnny thank you. If anyone is interested in how the spread of liberal democracy stagnated and led to rising populist resentment of globalisation, I strongly recommend reading Ivan Krastev’s ‘The Light That Failed’. It takes the psychological perspectives of imitating externally inponsed values on people and their leaders
  • I work in New Albany, Ohio. The amount of factories and server farms that have come here over the years is absolutely insane. All of the Roads in Columbus are getting widened and paved
  • @sophieshen6054
    A refreshing reminder that what fuels the globalization is not really technology, but policy
  • @lxjankov
    thank you for your work. And the visuals are amazing. bravo.
  • @shiishani3302
    I love how you displayed the whole thing as if weaponization of economic power is a new thing.
  • @westongpt
    I think it is important to note that people aren't generally as easy to move around as jobs. This is the crux in my opinion. If you move all the jobs somewhere, people can't just pack up and move to where the jobs are, so they end up in economic decline. This gets glossed over in pure economic discussions. The cities that jobs moved to get richer, but it's not money conjured from nowhere.
  • @regelion1723
    Another cool fact I learned is America is currently undergoing “Rural-ization.” The relative opposite of urbanization, people love from urban areas to well less populated ones. Mainly smaller/cheaper cost of living cities.
  • @Miyamelia
    The way you just answered all my questions . Great work