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  1. The Economist14 min

    Will covid kill globalisation?

    Vijay Vaitheeswaran

    Driven by the 2008 financial crisis, the US-China trade war, and the COVID-19 pandemic, the global economy is rapidly shifting from hyper-connectivity toward a fractured, regionalized structure where supply chain resilience outweighs pure efficiency. This transformation forces multinational corporations to localize operations while simultaneously triggering technological decoupling and political nationalism that risks leaving developing nations behind in the industrialization race. Experts conclude that while the era of unfettered global trade has ended, the optimal future path lies in fostering "resilient interdependence" rather than isolationist barriers.