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.
Rising protectionism poses a threat to global economic order with potential for subsidy wars.
Narco Corridos in Mexico highlight cultural complexities, offering insight into organized crime dynamics.
Deep dives
Economic Shift to Protectionism
Countries worldwide, including the US, are veering towards protectionist economic strategies, evidenced by substantial subsidies and conditional measures for local production. This trend, responding to China's strategies, risks escalating subsidy wars that may harm global markets.
Fragile Peace Prospects in Ethiopia
Despite positive steps like the TPLF handing over weapons, Eritrean and Amharic forces still occupy Tigray, contributing to an unstable peace. The region's history with Eritrea's involvement indicates complex challenges in achieving lasting peace.
Narco Corridos Cultural Impact
Narco Corridos, narrative songs glorifying drug lords and crime, are deeply ingrained in Mexican culture. While controversial for glamorizing criminal activities, these songs serve as sources of information and resonate with diverse audiences, ensuring their continued relevance amidst Mexico's evolving organized crime landscape.
Countries across the world are turning inward, embracing protectionism, subsidies and export controls. This threatens the global order that has lifted hundreds of millions out of poverty, and risks economic conflict. Ethiopia’s newfound peace looks fragile and uncertain. And Mexico’s ballads that critics claim glorify criminality, but fans argue celebrate loyalty, ingenuity and hard work.