2min chapter

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Harold James: In Defense of Globalization

IMF Podcasts

CHAPTER

What's the Biggest Risk in the Global Economy?

The awareness of shortages and the focusing on supply chains means that people are much more conscious about the possible restrictions. Even for very large countries, it's impossible to really be completely self-sufficient. And so when the big countries really focus on this reshoring and on French-horring, they're creating additional costs for themselves.

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