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Why Undoing Globalization is Going to Be a Painful Affair
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In the last few years, globalization has gotten an increasingly a bad rap. Whether because of increasing geopolitical tensions over high end computers chips, or the realization that when you outsource your manufacturing base it’s quite hard to make things in a hurry (see: the pandemic), people across the political spectrum are calling time on ‘make it there, ship it here.’
It seems that politicians of all stripes want to roll back global supply chains and ‘friendshore’ all our wants and needs. The problem with doing so however lies at the level of the firm, as has recently been pointed out by Jonas Nahm. And for a number of reasons, it won’t be an easy transition.
Jonas is an Assistant Professor of Energy, Resources, and Environment at the Johns Hopkins School of Advanced International Studies, and author of the recent and excellent book Collaborative Advantage: Forging Green Industries in the New Global Economy.
On this episode, Mark talks with Jonas about all the ways that private firms, domestic institutions, and national industrial policies mesh together to produce outcomes that are more than the sum of their parts.
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