Shearing: Emerging Market One-Off Growth Factors Are Done

The video discusses the shift in emerging markets since 2000, highlighting a period of rapid growth driven by China's opening and other global integrations. This growth is now slowing due to demographic changes and the one-time nature of these economic openings. The slowdown is structural, affecting the supply side rather than demand, and is unlikely to cause significant inflationary or deflationary pressures. However, it may lead to increased protectionism and political tensions as weaker growth exposes vulnerabilities in emerging markets.

In what ways might weaker growth in emerging markets lead to increased protectionist tendencies?

What social and political pressures might arise from the economic changes in emerging markets?