The Impact of De-globalization on Trade Relationships

The shift towards de-globalization is driven by events like the 2008 financial crisis and the pandemic, leading countries to prioritize securing their domestic economies and supply chains. Terms like near-shoring and de-risking reflect a suspicion of trade as countries seek to protect themselves. While some level of protective measures is necessary to avoid dependence on a single source, a broader reevaluation of globalization's benefits and drawbacks is underway.