Economic Challenges: Das Ende der Globalisierungswelle – muss der Staat Kapazitäten vorhalten?
Der Welthandel wächst nur noch so schnell wie die Weltproduktion. Rürup und Hüther diskutieren, was es für Deutschlands Wirtschaftspolitik bedeutet, wenn sich die großen Volkswirtschaften abschotten.
In the latest episode of Economic Challenges, Handelsblatt Chief Economist Bert Rürup and Michael Hüther, Director of the German Economy Institute, debate why major economies are once again erecting barriers around their markets. Hüther references the concept of global trade elasticity: prior to the financial crisis, trade expanded significantly faster than global production, but now the ratio stands at one.
This, he suggests, is not a sign of collapse, but rather a shift in spatial structures that compel businesses and governments to prepare.
The Sanofi insulin plant in Frankfurt serves as a prime example, receiving a substantial 400 million euro subsidy – the sole Human insulin production within the European Economic Area. "Power politics takes center stage," asserts Hüther. Rürup believes a resurgence of self-sufficiency is on the horizon: both the US and China have abandoned markets that fueled their rise. The EU's potential to emerge as the third pillar of the global economy remains uncertain.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
