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jasondc | 3 years ago

The beginning of the undoing of globalization, countries will start bringing industries back home with bills like this.

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vkou|3 years ago

This is the 23rd year in a row that people have been saying this, at the rate we're going, globalization will be undone any minute now.

This is just a taxpayer gift to multinationals. If you want to undo globalization, handouts aren't the solution, tariffs are.

pm90|3 years ago

Globalization is here to stay. The economics are just too sweet to “go back”.

upupandup|3 years ago

I think so as well, in particular I believe that countries with a large population of young will be the biggest beneficiaries of companies exiting China.

It's going to take some time to get back to scale but I believe India, Vietnam, Southeast Asia stands to be the biggest winners.

I do not see China returning to status quo anytime soon. It's more likely that they will fall victim to nationalistic fervor and close its doors.

trevorboaconstr|3 years ago

No, I don’t think so. The last few years have been no more than a speed bump in the 100 year trend of increased global interconnection.

culi|3 years ago

"Global interconnection" is not the same thing as "globalization". In many ways they're actually opposed. With globalization comes increased strength of patent and copyright laws and much more control over what crosses what borders

There's a direct relationship between international trade agreements and border security