Andrew neil reveals globalisation is in retreat

Express

Andrew neil reveals globalisation is in retreat"


Play all audios:

Loading...

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

Meet four heirs to Gautam Adani's Rs1792680 crore business empire, two are his sons and two are....

His two sons, Karan and Jeet, as well as their cousins Pranav and Sagar, hold the key to the Adani dynasty's future. Gau...

Why is it a bank holiday in monaco today and how is it celebrated?

IT IS ONE OF THE BIGGEST CELEBRATIONS OF THE YEAR IN THE PRINCIPALITY On Tuesday, November 19 Monaco celebrates La Fête ...

The coronavirus - planet x connection, nationwide shutdown is happening, youtube cut off live feed while talking about trump saving america... [the mi

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. An...

Geographical Notes | Nature

ABSTRACT WE regret to have to record the death of Major Peter Egerton Warburton, whose name will always be intimately as...

Airtel launches 4g services in andaman and nicobar

Telecom operator Bharti Airtel Tuesday launched its 4G services in Andaman and Nicobar islands, offering high-speed mobi...

Latests News

Andrew neil reveals globalisation is in retreat

The BBC broadcaster made the revelation while commenting on changing scenarios in Europe, as leaders shift priorities to...

Genetic epidemiology of pharmacogenetic variants in south east asian malays using whole-genome sequences

ABSTRACT Expanding the scope of pharmacogenomic research by including multiple global populations is integral to buildin...

Nita mukesh ambani cultural centre opens for public in mumbai, here's all you need to know

Within the Jio Global Centre in Bandra-Kurla Complex, Nita Ambani's dream project aims to preserve and promote Indi...

Career-boosting opportunities | British Dental Journal

Visit the UCL Eastman Dental Institute at the BDTA Dental Showcase 2011 this October in Birmingham to discover an array ...

Ale’s well that mixes well!

With the growing popularity of craft beers both in Mumbai and Delhi mixologists are going all out to broaden their consu...

Top