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Significant changes have occurred in the global political and economic structure under the COVID-19 pandemic and geopolitical tensions. Countries have imposed sanctions on each other in the name of political and economic security. The global supply chain, industrial chain, and value chain system built up in the past decades has been dealt a heavy blow. Currently, the chaos caused by the pandemic has not yet ended, and the Russia-Ukraine conflict has plunged the world into another critical situation. Multinational corporations have taken the initiative to or been forced to adopt corresponding response strategies in this deglobalized era.
The Cloud of Deglobalization Looms Large
As the champion of globalization over the past four decades, the United States has shown prominent isolationist and protectionist characteristics in recent years in its foreign political and economic policies. These U.S. policy adjustments have…
