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Shannon Lee Zirkle Prabhakar Director Profile

And so looking at trade flows and movement of money and people and ideas, actually what we’ve seen is there’s only about two dozen countries around the world that have seen their economies transformed by trade, by internationalization. On the other side, we see almost 90 countries where trade as part of their economy, trade as a percentage of GDP has either stayed the same or actually fallen over the last 40 years. So there’s a good number of countries that arguably have de-globalized already before President Trump brought up this idea. So globalization has not been as widespread or as penetrating as we tend to think here. Shannon Katcher is GTI’s Executive Director of Digitalization & Data. Shannon develops a strategic approach to digital transformation and directs research efforts, product and service developments, and investment initiatives in the data services and analytics space related to energy systems.

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We have in the past and we can again, but we do need to do it with other countries. I do think this is a real challenge for Mexico, for the United States, for many countries around the world. Right now you are seeing a fluidity in global supply chains that you haven’t seen for a generation. Companies and their boards are all talking about should I move to a different place, where should I move, for lots of reasons. And so it’s a moment when you have great opportunity if you are a manufacturing country or you aspire to be a manufacturing country.

And you know, that example of the t-shirt in the global economy is that one. But the example in Europe, one of actually the biggest fast fashion brand is a company called Zara, makes trendy wear for women and some for men. And Zara is not only the biggest in terms of revenue, it sells half a trillion dollars worth of clothes every year.

And what we are trying to do is move that out or at least a critical mass out. Europe has their own CHIPS Act and the U.S. just signed their CHIPS Act. Now, if the U.S. really wants to make semiconductors resilient, they’re going to have to make that whole chain all the way from the critical minerals, all the way to the testing and packaging. Shannon, why do you think it is that the politics in Europe and the politics in Asia made it possible to pursue this regionalization, again understood, proceeded in a different way in Europe than it did in Asia.

He educates business students on topics in accounting and corporate finance. Outside of academia, Julius is a CFO consultant and financial business partner for companies that need strategic and senior-level advisory services that help grow their companies and become more profitable. A large proportion of the work that SPE undertakes for oil and gas clients is in machined components, detailed dimensional checks and testing, for well-completion assemblies. We have expertise in hard metal safety valve components. And we should be thinking about our migration policy because that is in the end, as we look forward over the next 20 to 50 years, it’s human capital, it’s people, it’s ideas, it’s innovation that really is going to win the day.

To do so, all they have to do is go to cfr.org/giveaway. There they can read the terms and conditions for the giveaway and register their entry. The registration for the giveaway will be open until November 2nd. After that, we will select 10 names at random to receive a free copy of The Globalization Myth.

And Zara’s secret to being the biggest and the most profitable is it makes the vast majority of its clothes in Europe. It is a European company that produces in Europe and sells globally. It has some production in Asia, but less than 15 percent of what it makes in Asia. And the rest it does in Spain, Portugal, the rest of Europe, Romania, Hungary, and other countries. The way it does this is a mix of automation and flexible ways of making things.