Did globalisation go too far? During the COVID-19 crisis, the impact of ‘rampant’ globalisation was called into question and opened up new conversations about retreating towards reinforced, homegrown supply chains. Suddenly the world woke up to the effects of inherent interdependency of commodities, technology, and vaccine production. Strategic autonomy and sovereignty of supply chains and rethinking globalisation became policy buzzwords and urgent to-dos. But reality shows us that it is far from the policy ambitions of any government to truly dismantle globalisation. Perhaps what is required is to manage the free market that underpins globalisation and tilt global supply chains towards a value-based, liberal, and democratic model.

On 27 October 2022, the think tank Friends of Europe will hold its annual State of Europe high-level roundtable in Brussels. In the run-up to State of Europe, Debating Europe is convening a series of citizens’ panels, with a mix of citizens and civil society representatives. Each of these citizens’ panels will be matched to a session at State of Europe.

Our second citizens’ panel in the series is on the topic of “Rethinking supply chains and globalisation”. You can watch the panel in the video above. Taking part were:

  • Mariana
  • Ivo
  • Ricardo

Is it time to rethink globalisation and supply chains? Is it time to shorten supply chains and “reshore” manufacturing? Let us know your thoughts and comments in the form below and we’ll take them to policymakers and experts for their reactions?

IMAGE CREDITS: BigStock – (c) Ui Inter
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the granting authority can be held responsible for them.

6 comments Post a commentcomment

What do YOU think?

  1. avatar
    EU-Reform Proactive

    Of course- but applied universally!

    The sub-question: “Is it time to shorten supply chains and “reshore” manufacturing?”……..

    …should in all fairness not narrowly be applied to globalisation (economies)- but unrestricted to a wide range of ‘rethink’ issues.

    Please don’t starve imaginary thinking in followers to issues beneficiary to one narrative or major lobbyist & a co-funder (EU)- but apply ‘righteous’ guidelines to or everything- equally.

    “Rethinking” is what I expect from any-

    * thinking citizen,
    * responsible & caring national government,
    * it’s caring parliament & politicians or
    * any supra and/or international bodies-
    * on a continuous basis!

    ‘Thinking’ (realistic & critical judgement & foresight) should not be limited or imprisoned in think tanks or engaged when in trouble or surprised- isn’t it?
    A lot of tax payer’s money is (unnecessarily) spent on retrospective thinking- mostly when too late. Voters should be alert, more critical, demanding & not forgiving!

    I could list examples & details galore….only free imagination required!

  2. avatar
    JT HK

    Globalization is to create a global division of labour so as to benefit the advanced economies because they are holding the capital, the technology and all sorts of soft power. The meaning of supply chains is naturally created relationship determined by the invisible hands of supply and demand, and the comparative advantages of all economies being absorbed into the global economy. Globalization has been securing non-ceasing supplies of commodities from late developed countries for the advanced capitalist and technology holding countries of the West over three decades of low inflation with rapid accumulation of wealth and continue to exploit the later-developed economies. Breaking the global supply chains would push the advanced economies of the West back to the overloaded government and never ending strikes and paralyze of socioeconomic activities of the 1970s. As a matter of fact, globalisation and international division of labour is an innovation of the advanced capitalist economies to solve their own problems and have secured 3 decades of prosperity. Breaking global supply chains is suicidal for the advanced capitalist economies for their manufacturing industry would never be able to compete with the many late developed countries. The only way to do is to think globally and see everyone a member of the global village or sailing on the same boat. Global issues have to be solved with global effort. Definitely not by following a decline hegemon blindly.

  3. avatar

    Yes, it is. Globalisation is synonymous to no regulation and turning people into objects that can be replaced at any time. This is not OK.

    • avatar
      JT HK

      Think of whether you are willing to become objects of the advanced economies or those of the Vietnamese who are earning $1000-2000 per annum. The Vietnamese and many other later-developed countries would like to exchange your position. Greedy is the nature of man.

    • avatar

      1. The economy isn’t advancing at all. It still uses the same immoral practices from the past to increase economic growth at the expense of people’s well-being. This is anything but advanced economy.
      2. Vietnam is not a developped country. It’s developing.
      3. Just because it’s natural doesn’t mean it’s good. Nature is not our friend. It’s not even close to that.
      Your arguments are completely pointless.

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