Davos 2023: De-Globalization or Re-Globalization?
World Economic Forum
00:00
Globalization - What Do You Think?
There is not a major de-globalization going on here. There are clearly shifts and changes. But let's just take one example. If you read your financial times this morning, you'll see just how little de- globalization has really altered Apple's business model. They've gone from 100% of the iPhones to like 90%. So there's a trend there but the idea that this is de-Globalization seems to me to be a classic example of a journalistic narrative that people inhale because it kind of intuitively makes sense. This is all a mirage.
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