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Nationalization of industry will likely rise with deglobalization, thats pretty risky for international banks.
by corbulo 4y ago
Nationalization of industry will likely rise with deglobalization, thats pretty risky for international banks.
- Dalewyn 4y agoDo you mean localization? "Nationalizing an industry" means a country's government coming to own and operate said industry. See, for example, railroads of ye olde days.
- corbulo 4y agoI mean nationalization. As the world economy fractures and countries take more control over their supply chains nationalization of industry will take place. China does it all the time. Russia is planning on doing it. The US is talking about doing it (and has to some extent) to combat China's influence domestically. It's going to increase dramatically all over the world, deglobalization means supply chains are a security concern as much as if not more than an economic concern now.