Friendshoring: Rather a myth than reality

May 25, 2024 02:57 AM
#Trade and FDI

Russia's invasion of Ukraine has shown us that the world is in a period of upheaval. Long-standing international laws – like respecting national borders – are being broken. Millions of Ukrainians are fleeing. And as a result of Russia’s aggression, traditional relations are being questioned. Countries are reconsidering with whom and how much trade and interdependence they still want to allow. And a new term is making the rounds: Friendshoring – trading with friends only. What it means, how to interpret it, and where supply chains are heading in times of geopolitical rivalry – that is today’s topic of discussion. Our guest is Holger Görg, Interim President of the Kiel Institute for the World Economy and also Director of the Kiel Centre for Globalization.

Contact

Holger Görg

Kiel Institute for the World Economy, Kiel Centre for Globalization

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