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Supply Shock

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Globalization Debate and Economic Complexity

The chapter delves into the historical trend of globalization in geopolitics over 40 years, referencing Sir James Goldsmith's argument against China's induction into the WTO. It explores the current reassessment of globalization's benefits, critiques its impact on American workers and global poverty reduction, and discusses the delicate balance policymakers face amidst geopolitical tensions. The conversation also touches on Dutch disease, implications for national defense, labor dynamics, and shifts towards analyzing Bitcoin, cryptocurrency markets, and macroeconomic factors.

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