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Davos 2023: De-Globalization or Re-Globalization?

World Economic Forum

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Globalization and the Global Financial Crisis

Already seen a certain decentralization in finance where individually countries have amassed their own foreign exchange reserves and swaps agreements. That's why the financial crisis which is upon us at the moment has been slowed by these resilience measures that have been taken. I think we are seeing signs that that's going to flow over into trade and that that's actually something that I I think is very good it's good for one vital thing which is competition across the global economy.

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