Economics
Pandemic Is Last Nail in Globalization’s Coffin, Says Carmen Reinhart
- Developing countries reliant on exports will be badly hurt
- Incoming World Bank chief economist speaks on Bloomberg TV
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The incoming chief economist of the leading multinational organization seeking to help integrate developing nations into the world economy said the era of globalization is probably dead.
“Without being melodramatic, Covid-19 is like the last nail in the coffin of globalization,” Carmen Reinhart, a professor of international finance at the Harvard Kennedy School, told Bloomberg TV’s Alix Steel and Michael McKee.