Redividing the world

Governments across the world are discovering “homeland economics”

But introducing industrial policy is a big mistake, argues Callum Williams

Demand for supplies

Attempts to make supply chains “resilient” are likely to fail

And they are likely to be costly

State v market

“Homeland economics” will make the world poorer

Industrial-policy successes are few and far between

Missing the point

New industrial policies will make the world more unequal

Workers in the developing world will especially lose out

Second-best

Green protectionism comes with big risks

Some analysts worry that new laws could slow the green transition

In search of a problem

New industrial policies will not help economic stability

Globalisation has not been perfect but it has been effective

The world economy

Sources and acknowledgments