Economics: We are not in an era of deglobalization or of globalization retreat. We are in an era of relative globalization stasis: On the one hand, there are huge areas of the world that desperately want to incorporate themselves into the production networks of the global value-chain economy. On the other hand, worries about others’ acquiring industries strategic for security, the weaponization of interdependence by others, lack of economic robustness, erosion or non-development of engineering communities, and populist blowback cause not deglobalization but rather a shift in modalities so that the profits and investment flow in ways that do not too greatly increase those feared vulnerabilities:

Mark Copelovitch: ‘You've heard a lot about "deglobalization," especially from certain folks at the FT. The main problem with it is that - like the "era of laissez-faire globalization" (bsky.app/profile/mcopel…) - it never happened. Folks mean "the fast growth of trade/finance plateaued" but that's not the same thing… <bsky.app/profile/mcopel…>