by Jeff Brown
Casey Research
The world spent the last three decades focused on globalization…
We built global supply chains and prioritized the lowest cost of production. Manufacturing became centralized in many industries. Oftentimes, that meant manufacturing was centralized in mainland China.
And for a time, it worked reasonably well…
The world experienced an unprecedented period of growth, improvement in quality of life, and access to goods and services at lower prices. This ultimately brought more than a billion people out of poverty. And the world became more interconnected and interdependent than ever before.