The peak of globalisation, between 2005 and 2020, saw large fault lines develop within the world’s major trading blocks. One such fault line increasingly divided the European Union’s deficit countries in its south from its surplus countries in the north. Another fault line split America’s coastal economies from the rust belts in its middle. China’s booming coastal regions were divided from the interior of the mainland by an economic Berlin Wall. Are these fault lines subsiding now that globalisation is on the wane? Quite the opposite. Previous fault lines remain while new ones emerge, between
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