Quantum Economics Podcast

Untying the Knot: Supply Chains and Globalisation.


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Untying the Knot: Supply Chains and Globalisation
Whence and whither for globalisation & the supply chains that drove it.  What made globalisation happen: the Fall of the Wall and the opening up of the China's economy.  What did globalisation do for us: growth, productivity, and disinflation and the lifting of 100's of millions out of poverty.  What did it do that caused its downfall: rising inequality on a world-wide scale.

Now Cold Wars, Protectionism, the Pandemic, internet disruption, and the advent of big interventionist government in democracies will doom globalisation, replacing it with national and regional economic models, and skittle its positive effects without addressing the negative ones (entrenched and rising inequality).  The result will be lower growth, higher inflation and the inevitability of a social wage to keep the peace

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Quantum Economics PodcastBy Quantum Mechanics