Andrew neil reveals globalisation is in retreat
Andrew neil reveals globalisation is in retreat"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The BBC broadcaster made the revelation while commenting on changing scenarios in Europe, as leaders shift priorities to help better respond to the coronavirus pandemic. Andrew Neil pointed
out French President Emmanuel Macron unveiled such plans when he said supply chains will have to become "more French". Germany's health minister announced similar measures and
said the country shouldn't be dependent on other nations for medicines and personal protective equipment (PPE). President Macron addressed the nation on Monday, as more than 36 million
people tuned in to hear his latest update on the coronavirus crisis. He announced France's lockdown would be extended until May 11 and apologised for the Government's initial
failings, particularly over the lack of masks and equipment. As a result, it appears Mr Macron wants to shift away from globalisation, to avoid reliance on other countries. During
Monday's address, he praised French companies and businesses for responding quickly to his calls for more PPE. He said as a result of their quick efforts: "We have been able to
increase the production of masks by five-fold." Mr Macron added they have also been able to substantially increase the availability of ventilators. Commenting on last night's
televised address by the French President, Mr Neil said: "When even President Macron says supply chains will have to become more French, from food to pharma, then you know globalisation
will be in serious retreat in 2020s." At the start of the pandemic, Mr Macron suggested the country was going to have to change its supply chain habits in response to the outbreak.
JUST IN: CORONAVIRUS MAP LIVE: UK DEATHS SOAR TO 12,107 "For medicines and protective gear we shouldn't be that dependent on other regions. "Security more important than
economic efficiency." Professor Richard Portes, an economics professor at London Business School, said it seems obvious that trading patterns will have to change as officials will have
realised the risks they were taking by importing goods from other countries. He told the BBC: "Look at trade. Once supply chains were disrupted [by coronavirus], people started looking
for alternative suppliers at home, even if they were more expensive. "If people find domestic suppliers, they will stick with them… because of those perceived risks." Professor
Beata Javorcik, chief economist at the European Bank for Reconstruction and Development, agrees and thinks Western manufacturing companies will start re-shoring, which means bringing work
back home. She said: "They will re-shore activities that can be automated, because re-shoring brings certainty. "You do not have to worry about your national trade policy, and it
also gives you an opportunity to diversify your supplier base."
Trending News
A word from the editor | TheArticleThe past fortnight has seen a lull in the drama that is Brexit — and so we aficionados must instead make do with a TV dr...
Flat 1307, 122 east ferry road, london, e14 9fp: lon/00bg/mnr/2023/0293FLAT 1307, 122 EAST FERRY ROAD, LONDON, E14 9FP: LON/00BG/MNR/2023/0293 Residential Property Tribunal Decision of R Wate...
Wrapup 1-u. S. Producer prices unchanged as energy costs dropU. S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesti...
Pray for a future, not prey on women: gender-based violence in social movementsOver recent years, women participating in social movements have not only been confronting armed suppression, but also se...
Suspect in rapper tupac shakur’s killing pleads not guilty in las vegas courtSuspect in rapper Tupac Shakur’s killing pleads not guilty in Las Vegas court | WTVB | 1590 AM · 95.5 FM | The Voice of ...
Latests News
Andrew neil reveals globalisation is in retreatThe BBC broadcaster made the revelation while commenting on changing scenarios in Europe, as leaders shift priorities to...
Apec finance ministers to meet in hawaiiThe US treasury department said on Monday that it will host finance ministers from the Asia-Pacific Economic Cooperation...
Pediatric research - volume 25 issue 4, april 1989Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best expe...
Banka election result 2024 live updates: jdu's giridhari yadav has won this lok sabha seatBANKA LOK SABHA ELECTION RESULT 2024 LIVE UPDATES: With the counting of votes for the 2024 Lok Sabha elections underway,...
Chandigarh lok sabha election result 2024 live updates: congress' manish tewari has won this seatCHANDIGARH LOK SABHA ELECTION RESULT 2024 LIVE UPDATES: With the counting of votes for the 2024 Lok Sabha elections unde...