Bonus: Globalisation can be slowed, but not stopped
The Economics Show
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The Evolution of Globalization and Isolationism
This chapter explores the personal impacts of globalization, detailing a transformation from a modest upbringing in China to current prosperity due to improved living standards. It introduces the concept of 'exile economics' and analyzes the trend towards national self-sufficiency, weighing the benefits and risks of isolationist policies in trade. The discussion extends to historical perspectives on globalization and current U.S. trade policies, emphasizing the potential challenges and strategies for navigating a changing global landscape.
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