As the world transitions from ‘Deep Globalisation to Deglobalisation’, economic policies based on a ‘Doctrine of Local Content’ take center stage. As a consequence, the global economy underperforms. Below, Marcos Troyjo argues that Reglobalisation can only resurface if countries move away from ‘Local-Contentism’ and closer to a productive interdependence turning out ‘Made in the World’ goods. Read the full article in The World Financial Review   here

 “The new policy environment is favourable to bilateralism and protectionism and motivated by political gains, rather than concrete economic effects that will reduce income and employment,” says Peter van Bergeijk, a professor of Economics at Erasmus University, in Rotterdam, who in 2010 published a book presciently titled On the Brink of Deglobalisation. “With the US leaving the coalition for multilateral trade and investment, relationships will reallocate to other countries,” Van Bergeijk says. “US isolationism is an important chance for China.” “Firms should be transparent about the benefits they derive from international activities,” Van Bergeijk adds. “Facts will be important in this debate.” Read rhe full article