How to Be a Winner From De-Globalization
Mexico is a prime example of an emerging market that was knocked off track by China’s rise and globalization. Can it seize this new chance?
Cargo trucks line up to cross into the United States from Ciudad Juarez, Mexico.
Photographer: Herika Martinez/AFP/Getty
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De-globalization looks as though it’s happening. Calls for yet more sanctions on Russia after the horrifying images of dead bodies strewn across Ukrainian streets seem now to have every chance of success, with European nations possibly even prepared to inflict upon themselves the pain of an embargo on Russian energy imports. As the pandemic continues to disrupt supply chains, and geopolitical tensions between the U.S. and China haven’t gone away, the need to shorten the flow of goods, services, components and raw materials and bring production home becomes acute.