Part 10/17:
Historical data shows that global trade expanded rapidly with technological advances in the 1800s but contracted during World Wars and the ensuing distrust. Today, the trend toward de-globalization, fueled by trade wars, sanctions, and geopolitical rivalries, threatens to reverse the post-World War II era of interconnectedness.
As trade moves toward regional blocs and currencies are traded in local or regional systems, the old global trade order is fracturing, leading to a potential 60-year de-evolution into semi-isolation, individualism, and commodity trading.
The Impact of Technology on Society and Economics
Throughout the conversation, Mark underlines the profound influence of technological evolution: