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After social distancing: prepare for national distancing

If the pandemic triggers production onshoring, international capital flows will come under a spotlight

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Globalisation is in retreat. Increased mistrust has characterised international political discourse in recent years. In some nations, there have been objections from senior officials to adopt global equity benchmarks that contain an allocation to China. But this is just the tip of the iceberg and the fallout from the Covid-19 pandemic is only serving to intensify concerns.

News stories surrounding the provision of personal protection equipment (PPE) have helped to frame this problem. In the

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