Deglobalisation

Attempting to minimise the costs of their Faustian bargain, emerging-economy policymakers have pinned their hopes on international coordination of monetary policy

While immediate implications are likely lower growth, higher inflation and disruptions to financial markets, the longer-term implications are disruptions to global supply chains, he said

President Joe Biden defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans

Here's a selection of Business Standard opinion pieces for the day

A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better

The minister said some countries have benefitted more and within the countries, some people are benefitted more

According to Nomura, unconventional monetary policies will be the new normal, reducing the urgency for fiscal austerity

What we came to regard as 'the normal' was anything but normal because the state, like nature, wasn't in the business of compassion and equity

Scale became critical because of steadily increasing capital intensity that the new technologies engendered

The disruption caused by Covid-19 could potentially deglobalise the world at a faster pace than before

Although the returns from outward-looking policies are less today, substantial gains can still be made with good policies and initiatives