Opinion: The New Autarky And New Conditions Of Poverty, By Uddin Ifeanyi
The current global pandemic is challenging both thinking and practice across the world. Besides showing up unclothed emperors ― the response by the U.S.’ healthcare sector to the crisis has been everything but ― it has asked questions about the utility of large headquarters buildings and the future of the airline, hospitality, and automobile industries. While at these, it is suggesting completely new ways of working.
Ultimately, though, the Trump administration’s contemplation of the possibility of imposing punitive taxes on companies that continue to source their parts and raw materials from outside the U.S. promises a broadening of the concept of “strategic industries”. Globalisation had turned the world into a cat’s cradle of suppliers and logistics and freight managers.
As part of this process, even Apple might have to return its production facilities to mainland U.S.A. The unwinding of globalisation was underway long before covid-19, though. But this reshoring will lend it a wicked kick.
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