There isn't a single major region in the world that is not dependent on others, he says. There's partly almost an arithmetical feature of this, which is economies do become more focused on production and consumption of non-traded things. We're going to see big shifts for political or economic reasons as new countries enter the globalization era for themselves,. He asks: What will China's role be in terms of economic globalization going forward? Could be very different.
In this podcast, economist Alan Taylor covers how history can provide a lens into trends in globalization and wealth and the long-term impact of pandemics.
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