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Aug 11, 2019

With the global economy facing countless flashpoints, governments are turning inward

Posted by in categories: economics, finance

The bottom line: The world as we know it — of complex global supply chains and countries playing to their best Ricardian advantage — is rapidly transforming into an atavistic place of trade barriers and bellicose rhetoric. If countries increasingly retreat into their nationalistic shells, no amount of fiscal or monetary stimulus will be able to head off the inevitable economic and financial consequences.

Global financial system.

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