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"The war exposed the biggest weaknesses of globalization that was based on the cheap: American capital, Asian labor, and Russian energy."

“The war exposed the biggest weaknesses of globalization that was based on the cheap: American capital, Asian labor, and Russian energy.”

Months before Donald Trump ran for the White House in 2016, the World Economic Forum had already deemed the globalization that had existed for three decades dead and buried. This was confirmed by the ensuing years, with the spread of the COVID-19 pandemic and the war in Ukraine severely disrupting distribution chains. In the USA, globalization has taken millions of jobs, as well as the country’s middle class, but China has benefited from the approach of dispersing the economy and expanding distribution networks. In a few years, force has become a great machine behind the scenes of the success of large multinational corporations. This is what Rana Forouhar, American writer and editor of the Financial Times and CNN economic analyst, defends in her recent work.Homecoming: The Path to Prosperity in a Post-Global WorldšŸ‡§šŸ‡· [Regresso a casa: o caminho para a prosperidade num mundo pĆ³s-global]šŸ‡§šŸ‡· In this interview with Expresso, the analyst explains that there could be a positive side to populism, if the political movement works to remove the rubble left by globalization once and for all.

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