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 concerns are raised about regional blocks and their historical context?

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What are the implications of Brexit on globalization according to the text?

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In what ways does the text suggest that countries might respond to economic challenges?

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How does the text describe the relationship between central banks and government fiscal policy?

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What does the term 'helicopter money' refer to in the context of the discussion?

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