Geopolitical analyst and author Peter Zeihan believes that the United States is pushing forward with deglobalization and that the trend is something that will not stop anytime soon. Zeihan pointed to three reasons why the country, even though it has benefited from globalization for so long, wouldn’t “double down” on it even if this system…

By Kim Clark From Kiplinger’s Personal Finance U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. But now, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home, says…

China has been emphasizing self-reliance since the U.S.-China trade war started, and the urgency of China’s desire for this appears to have grown stronger after witnessing Western countries imposing harsh sanctions on Russia for invading Ukraine on Feb. 24. The next day, on Feb. 25, the Chinese Communist Party (CCP) media People’s Daily published an editorial titled…

Economies have undergone painful changes over the past several years due to international crises. First, there was the response to a virus originating from the Chinese city of Wuhan, which has led some to rethink globalization. Now the more recent consequences of the Russian-Ukraine war have further added to discussions on global trade, with one…