Sentences with phrase «regionalized trading world»
Instead of seeking supplies wherever they can be bought most cheaply, regardless of location, and outsourcing the assembly of products all over the world, manufacturers would instead concentrate on performing those activities as close to home as possible... In a more regionalized trading world, economists say, China would probably end up buying more of the iron ore it needs from Australia and less from Brazil...
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Investments in human capital are low, inequality is high, a regionalized world leads to reduced trade flows, and institutional development is unfavorable, leaving large numbers of people vulnerable to climate change and many parts of the world with low adaptive capacity.