The dangerous war on supply chains
Martin Wolf: protectionism in a crisis only concentrates risk domestically and diminishes economies of scale. The Chief Economics Commentator of the Financial Times urges us to consider the broader picture behind protectionist economic beliefs, as he reflects on some politicians' analysis of how the COVID-19 crisis has exposed gaps in nations' self-sufficiency. Interestingly, he argues that's the wrong focus, and explains why.
From Financial Times