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Globalization Is Shifting as Geopolitics Forces Countries to Take New Sides
In the wake of the Russian invasion of Ukraine, BlackRock CEO Larry Fink issued a letter stating that globalization is ending. Is it really? The U.N. Conference on Trade and Development notes that 2021 was a record year for global trade. Recent discussions at the G7 meeting in Germany and the BRICS summit in China paint a more nuanced picture of whether globalization is ending or increasing.