Saturday, December 10, 2022

Understanding deglobalization by understanding the history of globalization

  • Globalization was started by three people: Reagan, Thatcher and Deng. TINA, There Is No Alternative
  • Aim of globalization was to counter Japanese dominance in manufacturing and electronic industry, based on End of line
  • Setup of the globalization: US being the strongest country in the world acts as consumer and financer, China being the most populous country acts as main manufacturer and producer
  • Losers of globalization: South American countries, Japan 
  • Deglobalization was started by Trump 
  • Aim of deglobalization was to counter China's emergence and dominance