1 day ago
Chief Economic Advisor Says Frictionless Globalisation Has Ended
India’s Chief Economic Advisor said globalisation has changed.
He said countries will still trade with one another.
However, the very smooth system that connected the world for about 30 years is over.
Companies are also less likely to depend on just one source for supplies.
He said this kind of easy global system may not return for at least one generation.
He spoke at the 16th Indian Management Conclave.
Nageswaran also discussed social media.
He said it can split young people’s attention and put pressure on their minds and bodies.
Chief Economic Advisor V. Anantha Nageswaran said the past 30-year version of globalisation has ended.
He said global trade will continue, but frictionless efficiency will not return for at least a generation.
Nageswaran said single-source global supply chains are no longer part of the prevailing model.
He made the remarks while speaking at the 16th Indian Management Conclave.
He also warned that social media is fragmenting young people’s attention and harming their mental and physical health.
- Who
- Chief Economic Advisor Dr. V. Anantha Nageswaran.
- What
- He said the past 30-year model of globalisation has ended, while global trade will continue, and raised concerns about social media’s effects on young people.
- Where
- At the 16th Indian Management Conclave.
- When
- The articles do not specify when the remarks were made.
- Why
- Nageswaran said frictionless efficiency and single-source global supply chains had ended, and warned that social media is affecting young people’s attention and health.
Key facts
- Speaker
- Chief Economic Advisor Dr. V. Anantha Nageswaran
- Event
- 16th Indian Management Conclave
- Globalisation outlook
- The version of globalisation experienced over the past 30 years has ended
- Global trade
- Trade between countries is expected to continue
- Supply chains
- Single-source global supply chains are no longer expected to define the system
- Expected timeline
- Frictionless globalisation will not return for at least a generation
- Social media concern
- Nageswaran said social media is fragmenting young people’s attention and straining mental and physical health
Sources
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