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Multilateralism still key to limit de-globalisation costs

Covid-19 has shown the vulnerabilities of a hyper-connected global economy. De-globalisation may be both inevitable and desirable, but it carries serious risks.

Global shipping accounted about 2.2 per cent of total anthropogenic CO2 emissions for 2012. Reducing the distances over which goods are transported would advance the world's emissions reduction goals.


WITH the Covid-19 catastrophe having laid bare the vulnerabilities inherent in a hyper-connected, just-in-time global economy, a retreat from globalisation increasingly seems inevitable. To some extent, this may be desirable. But achieving positive outcomes will depend on deep...

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