I believe that heightened tensions with China and the supply chain disruptions of recent years will not lead to a period of deglobalisation. Rather, I think most companies will diversify their supply chains to reduce dependencies and become more resilient. However, this view is being challenged by an analysis of the motivation behind recent government actions to benefit local industries.
Once the real inefficiencies of the defense of individual European nations have been analyzed and taking into account the recent statements by Macron and German representatives on the subject of war, can we say where the need to respond to a concrete external threat ends and where an industrial policy maneuver begins?
Once the real inefficiencies of the defense of individual European nations have been analyzed and taking into account the recent statements by Macron and German representatives on the subject of war, can we say where the need to respond to a concrete external threat ends and where an industrial policy maneuver begins?
The paper from the Kennedy School does not consider US economic sanctions as "industrial policy"- China, Russia, and Venezuela would beg to differ.