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The Biggest Disruptions to Global Economies & Markets in Decades: Abby Joseph Cohen
Oct 3, 2024
Abby Joseph Cohen, a prominent financial expert and professor at Columbia Business School, dives into the major disruptions shaping today's global economy. She elaborates on the lasting impact of the pandemic on supply chains and economic inequalities. Graduate insights on the delicate balance of government spending, rising global debt, and the potential of AI in investment strategies. Cohen also highlights the importance of diversifying into international markets and assures listeners that political changes shouldn't dictate investment choices.
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Quick takeaways
- The pandemic revealed significant economic disparities, highlighting the vulnerability of service jobs compared to remote work opportunities during crises.
- Current shifts towards nearshoring and friendshoring signify a strategic reevaluation of supply chains while global trade volumes remain resilient overall.
Deep dives
The Lasting Impact of the Pandemic on the Economy
The pandemic is expected to have a long-lasting impact on the global economy by exposing underlying issues such as income inequality and supply chain vulnerabilities. Many individuals who could work remotely experienced fewer negative effects, while those in service jobs faced greater risks, highlighting disparities in economic resilience. Additionally, the reliance on global supply chains became evident, revealing issues related to dependencies on foreign imports, particularly in technology sectors. This increased awareness may lead to a reevaluation of how economies manage vulnerabilities and could necessitate a shift towards more localized supply chains.
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