While I doubt this war will trigger the end of globalization, perhaps it will end blind globalization. I can imagine a lot of countries are now asking which critical resources come from so few countries/places that a trade blockage from just one could cripple them.
Fertilizer is a good example. Oil for heating homes in winter, or energy generally. Food is an obvious one. I bet there are a lot more.
I don't think complete protectionism is the answer either, but I suspect there is a safer place between the two extremes that many countries will start to move towards.
Fertilizer is a good example. Oil for heating homes in winter, or energy generally. Food is an obvious one. I bet there are a lot more.
I don't think complete protectionism is the answer either, but I suspect there is a safer place between the two extremes that many countries will start to move towards.