Meghnad Desai: The Days of Globalization Are Over

The video discusses the resurgence of mercantilism and its impact on global trade, highlighting the shift from globalization to regional blocks, as seen with Brexit and Trump's policies. It explores the role of fiscal policy in preventing economic leakage and the need for new monetary strategies like helicopter money to stimulate the economy. The potential for infrastructure investment under Trump's unorthodox debt views is also examined.

What is a key characteristic of modern mercantilism as discussed in the video?

• Countries adopting a single global currency

• Countries eliminating all trade barriers

• Countries focusing on bilateral trade deals

• Countries forming large regional trade agreements

What historical period is referenced as a potential risk due to regional blocks?

• The 1980s

• The 1950s

• The 1930s

• The 1920s

Which event is mentioned as a sign of the decline of globalization?

• The signing of NAFTA

• Brexit

• The formation of the EU

• The Paris Agreement

What is 'helicopter money' as discussed in the video?

• A method of reducing taxes

• A policy to cut government spending

• A strategy to increase exports

• Direct distribution of money to individuals

What economic approach is Donald Trump associated with in the video?

• Adoption of a universal basic income

• Strict fiscal austerity

• Unorthodox views on debt and spending

• Complete deregulation of markets