Future Tense Is globalisation dying?
9 snips
Sep 19, 2025 Nick Bisley, a Professor of international relations at La Trobe University, introduces the concept of 'scrambalisation,' discussing how politics is reshaping globalisation. Ariel Kastner, from the World Economic Forum, shares insights from the Global Cooperation Barometer, revealing a decline in cooperation since 2020 but highlights progress in health and green technology collaboration. They explore the impact of U.S. trade policies on global dynamics and the multi-faceted nature of today's globalisation, emphasizing the exchange of ideas and cultural pluralism.
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High-Period Globalisation Ended
- Nick Bisley argues the era of market-dominated globalisation peaked in the early 1990s and began receding after 2008.
- He says 2016 and COVID wrote a full stop on that high globalisation period.
Politics Is Scrambling Economies
- Bisley coins "scrambalisation" to describe politics scrambling efficient market-driven global supply chains.
- He predicts lower growth, lower productivity, and higher inflation as a result.
Diversify Supply Chains
- Guy Miller says firms will adapt supply chains rather than abandon global trade.
- He recommends diversifying production (eg. China-plus-one) to boost resilience.
