Globalization has often been portrayed as an inevitable and accelerating force. In reality, however, international trade hasn’t been growing as rapidly as it was prior to the 2007-08 Financial Crisis. Although the financial crisis did much of the damage, COVID-19 has piled on to further cloud the future pace of globalization. This combination may have investors wondering whether 2020 was the beginning of the end for globalization.
Key Takeaways
Countries were already turning against outsourcing of production, and then COVID-19 showed how dangerous that trend could be.The failure of global supply chains will force many companies to consider reshoring critical …
