- Globalization was deflationary, Deglobalization is inflationary.
- Deglobalization is inflationary because reshoring production increases costs.
- Now that resources have been depleted in many producer countries, the costs of producing essential materials is rising. China, a major exporter of rare earth minerals essential to the renewable energy sector, is now exploiting neighbor Myanmar’s resources: Myanmar’s poisoned mountains.
Source: Deglobalization Is Inflationary (Of-Two-Minds)
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