Governments worldwide are shifting their economic policies from neoliberalism to industrial policies that prioritize security, self-sufficiency, and domestic sourcing. This change is a natural response to the new geopolitical realities in which rising nationalistic and protectionist sentiments have been fired up by the unsustainable increase in within-nation inequality after decades of hyper-globalization before 2008.
In this talk, the speaker will take us to deep dive into the emergence of new globalization trends where the absence of some exceptional conditions had led to decades of hyper-globalization. He will also examine how this geoeconomic fragmentation has lowered global economic growth on the one hand, and created new opportunities for smaller states and companies on the other, thus increasing the multipolarity of the world. The talk will conclude by discussing how national industrial policy can be used to achieve a more sustainable and inclusive economy in a fragmented world..