"De-#globalization is suddenly fashionable (ie #Nationalism), but it’s hard to tell from the promenade in #Davos, where the sponsored halls stretch from the Google House on one end to the yellow-and-blue-draped Ukraine House on the other. Celebrities like David Beckham, Diane von Furstenberg and Maria Sharapova partied among the CEOs and heads of state..."

#Trump #Inauguration Contrasts With Davos Gathering of World Elites
https://www.bloomberg.com/news/newsletters/2025-01-21/trump-inauguration-contrasts-with-davos-gathering-of-world-elites

#Infographic Top Countries that export to the US, 1986-2023, as mp4. #Globalization #MacroEconomics #Economics #GlobalEconomy #GlobalTrade

Source: https://fb.watch/x5njAyBzXF/

"In 2023, the International Monetary Fund (IMF) sum­marised a number of studies that estimated the costs of geoeco­nomic fragmentation (GEF). These ranged from 0.9 per cent of global GDP under mild assumptions to as high as 8.5 per cent of global GDP under severe assumptions. There are no exact estimates to be had. These estimates should be contrasted with its biannual global economic forecast, the World Economic Outlook (WEO). The latest edition, of October 2024, penned global growth in 2025 at 3.2 per cent, unchanged from the 2024 estimate and a sliver less than the 3.3 per cent estimate in 2023. With latest economic data from the UK showing no growth and Germany faring equally badly, it is not surprising that global economic output has stagnated. Even if one were to filter out cyclical factors behind such fluctuations in output, the geoeconomic factors loom large in this story. In Britain’s case, growth has nosedived ever since Brexit and Germany’s economic travails are largely due to exorbitant costs of en­ergy. The later phase of Germany’s Wirtschaftswunder was as much about sound economic management as it was about cheap energy, most of it from Russia. Once those taps shut, the German economy caught a chill.

Among the bright spots in this bleak scenario are China and India with estimated growth rates of 4.5 per cent and 6.5 per cent respectively in 2025. There are other economies with faster growth but they do not matter for global output as their share of output in the world economy is very small."

https://openthemagazine.com/cover-stories/a-fragmenting-world/

#Globalization #Protectionism #TradeWars #PoliticalEconomy #GeoEconomicFragmentation

In 2013, #ChineseMining company #Chinalco (中国铝业集团有限公司) sparked an international conversation about extractive impacts with the news it had successfully relocated an entire #Peruvian town of 5,000 residents to clear space for a #CopperMine. At the time, the #relocation project in #Morococha, central #Peru, was touted as a solution to protect villagers from #pollution and #environmental degradation as a result of #mining practices, and as a potential template for #Chinese overseas #investment in #LatinAmerica.

Ten years later, experts describe the move as a “tragedy.”

Joselyn Jaua, a Peruvian #journalist who covers the #environment and communities in the region, explained to #GlobalVoices that Chinalco’s policies have deeply impacted both Old Morococha and New Morococha: “The rise of poverty is notorious for relocated and non-relocated people alike.”

https://globalvoices.org/2024/10/11/a-chinese-mining-company-relocated-a-whole-peruvian-town-now-they-are-struggling-to-survive/

#GlobalSouth #geopolitics #ecocide #SouthAmerica #Globalization

"In our century, American politics has been blown open by the reverberating crises of neoliberalism and capitalist globalization. They have rebounded on our society and politics in four major forms: imperial blowback and endless warfare; deindustrialization and the hollowing out of American society; the rise of an engorged, predatory, and increasingly insane billionaire class, obsessed with eugenics and immortality; and the climate crisis, now a source of regular natural disasters and swelling refugee flows. At each juncture, the Democrats have attempted restoration: to manage the crisis, carry out the bailout, stitch things back together, and try to get back to normal. It is the form of this orientation, as much as substantive questions of culture, race, and gender, that seems to me the fundamental reason the Democrats are often experienced as a force of inhibition rather than empowerment by so many voters. And it is against this politics of containment that Trump’s obscenity comes to feel like a liberation for so many."

https://www.dissentmagazine.org/online_articles/exit-right/

#USA #Trump #PresidentialElection2024 #DemocraticParty #Neoliberalism #Globalization