BRUSSELS – Raising the drawbridge has been a response to war and pestilence throughout human history, and the tumultuous winter of 2022 has similarly led trading nations to turn inward — though talk that the era of globalization may be winding down seems premature.
The damage to international commerce stemming from Russia’s invasion of Ukraine and the still unvanquished COVID-19 pandemic has made governments and companies more aware they need more resilient supply chains — even if that costs them more.
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