The Global Economy Is De-Globalizing

Some of the most influential investors on Wall Street have been saying that these issues may be permanently altering the world order. Larry Fink wrote last year that recent events have prompted governments worldwide to reevaluate their dependencies and reanalyse their manufacturing and assembly footprints. Howard Marks cited the problems of Europe's reliance on Russian energy and Western outsourcing of computer chip manufacturing. Talk of de-globalization near-shoring, on- shoring, friend-shoring and re-shoring has been growing on corporate earnings calls too according to Centio,. So is the global economy actually de-globalizing and if so, what's next?