Globalization is alive and kicking – economy
Disrupted supply chains, failed takeovers, blocked gas lines: After three years of crises, wars and growing international tensions, the triumph of globalization seems to have finally come to a halt. At least that has been the political narrative for some time now that has accompanied the coronavirus pandemic, Russia’s invasion of Ukraine, and the West’s growing fear of becoming too economically dependent on countries like China. The only problem is: the interpretation is obviously wrong – or to put it mildly, it is not covered by the numbers in this generality. That comes from the annual globalization report of the New York University NYU and the Deutsche Post subsidiary DHL out, which was presented on Wednesday.