Economist Podcasts Zero-sum: the imperilled global economic order
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Jan 13, 2023 
Henry Kerr, Economics editor at The Economist, and Tom Gardner, Horn of Africa correspondent, delve into the pressing global shift towards protectionism threatening economic stability. They discuss the fragile peace in Ethiopia post-conflict, the challenges faced by Tigrayan refugees, and the role of Eritrean troops. Additionally, they explore the dual narrative of narco corridos in Mexico, examining its portrayal of crime alongside themes of loyalty and hard work. The conversation captures the complexity of geopolitical tensions and cultural intersections.
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Zero-Sum Economics
- The global economic order is shifting from open trade to zero-sum competition.
- Countries are increasingly adopting protectionist policies like subsidies and export controls.
US Economic Response
- The US responded to China's state-controlled economic practices with the CHIPS Act and Inflation Reduction Act.
- These acts offer subsidies for domestic production, particularly in green energy and semiconductors.
Global Protectionism
- Europe, Asia, and potentially Latin America are following suit with similar industrial policies and subsidies.
- Indonesia banned nickel exports to attract battery production investment, highlighting resource nationalism.