From Global to Local: A More Prosperous World?
Perry World House 3803 Locust Walk, Philadelphia, PA, United StatesThe world is gradually emerging from more than two years of the COVID-19 pandemic, with its economic order perhaps permanently changed.Global trade and supply chains have dominated the world economy for decades, boosted by neoliberal policies that prized efficiency over resilience to disruption, but the pandemic exposed their fragility. Shortages of essential goods, from semiconductor chips to foodstuffs, were felt around the world, and the lack of critical medical equipment—such as personal protective items like masks and gloves —hampered public health efforts in many countries. In response, national economies are beginning to shift focus from global to local, with regional