Jan Ritch-Frel

There’s a hidden economic trendline that is shattering the global trade system

Former U.S. Treasury Secretary Lawrence Summers has recently conceded: “In general, economic thinking has privileged efficiency over resilience, and it has been insufficiently concerned with the big downsides of efficiency.” Policy across the globe is therefore moving in a more overtly nationalistic direction to rectify this shortcoming.

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How new global fault lines will usher in the most profound worldwide changes since World War II

The coronavirus pandemic has upended the global economic system, and just as importantly, cast out 40 years of neoliberal orthodoxy that dominated the industrialized world.

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How the pandemic pulled back the curtain on the flawed global economic system

When the wealthiest country in the world is unable to produce basic medical gear to cope with a rampaging pandemic, it is dealing with a strategic vulnerability by depending on multinational supply chains to produce manufactured goods. Absent sufficient redundancies and physical reserves of resources, “just-in-time” lean supply systems can’t cope with sudden disruptions. The global pandemic of 2020 is a case in point.

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