To what extent should the west seek to resure manufacturing and strategic industries from china? Is it feasible? What policies would be needed to make it a reality? If if we were to do that, i have come to the view, which is not a view i would have had ten years ago. The way i think i put it is that what's happening to manufacturing is what happened to agriculture. We duce more than we ever did. Andit used to take 70 % of the labour force. It now takes one%.
2022 looks set to be another seismic year. A new Covid-19 variant threatens to prolong the pandemic. A diplomatic boycott of the Beijing Winter Olympics looks likely to escalate tensions with China. And time is running out to ’keep 1.5 alive’, in spite of the commitments made at COP26. Martin Wolf is chief economics commentator at the Financial Times and widely regarded as one of the world’s most influential writers on the global economy. He joins journalist Justin Webb to set out what he sees as the major trends that will shape the world in 2022.
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