Friendshoring: Rather a myth than reality
Apr 24, 2024 11:22 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.
