manufacturing
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World race to self-sufficiency in strategic manufacturing
Global value chains have been shrinking for a decade; the pandemic has only accelerated the process. Western countries are now racing to reshore parts of their strategic manufacturing and make supply chains more resilient. China, meanwhile, continues its quest for dominance and competes with the West for access to strategic suppliers.
Modi looks inward on trade
The Indian government has taken a protectionist posture on trade, taking measures to boost domestic manufacturing, hike tariffs and stall trade negotiations. Yet exports have failed to increase, in part because of red tape and poor logistics. The administration’s present attitude could see India struggle with the current account deficit ...
Roboshoring: the path toward deglobalization?
The rise of industrial robotics has led some analysts to hail the beginning of a new era of “reshoring” and “deglobalization,” in which companies from developed countries bring manufacturing back home. The data show a more nuanced story though, and any manufacturing that returns will not bring many jobs with ...
The greening of China’s auto industry
Chinese car ownership and production have shot up spectacularly in recent years. The country has joined the push for driverless electric cars as part of an environmental strategy that also stresses greatly expanded public transport. Depending on which strategy Beijing selects, carmakers could be headed for boom years or hard ...
What is India’s growth rate?
India's growth rate has shot up over the past two years, after the country's statistical office changed its methodology. Prime Minister Narendra Modi's opponents argue that the figures are too good to be true. The reality is a bit more complicated, but there is no question that flaws in the ...
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