Globalization Is Fracturing. So What Comes Next?

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

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.

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

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?

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

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.

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.

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

The entire focal point of this video is to promote the China and it's interest by stating that USA cannot get rid of the them completely. However where it failed was to mention India which was not dependent upon Chinese cheating and yet providing a growing market and manufacturing hub for most of the major developed economies. But then ofcourse, Bloomberg has always been a pet of China .

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.

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. 🤷‍♂️

We need a global cultural wave that promotes regional economies

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

US empire crumbling

Kishore Mahbubani, a scholar and former diplomat from Singapore, claims that although globalization began in the West, it is in the West that the voices warning of its impending destruction are most audible. He contends that in managing globalization, the West, or more specifically the US, has made three strategic mistakes. The first is the failure of the elites in the US to protect the working classes from the inevitable disruptions caused by globalization. The second is the weakening of government institutions, especially in the US. Finally, the creation of a functional plutocracy has effectively undermined the American democratic system. 🇨🇳 🇨🇳🇨🇳

I think everyone agrees that production has to shift to a local markets with a moderate protection and isolation supported by governments. Microprocessors, energy, food have to be local. There will be a need to international exchange to share technology and commodities. We have seen that economic sanctions will not be as effective as one’s thought, and even less now in a multipolar world. The solution will come with strong independent economical blocks willing to trade. Hopefully everyone will understand war slows progress and fair competition promotes development.

After seeing these images of Vietnam and Indonesia all I can say is that I'm glad I travelled when I did. I don't begrudge people wanting a different life but I can't help feeling sad that it has come at the cost of beautiful landscapes and cultures.

Trash comment section. Obviously the first thing some people are seeing on this and from a limited angle, the ignorance is hilarious. This video barely touches on anything really. You need hours on each region to really explain what is happening.

About time. I am fed up to send my money to people that hate me.