Martin Wolf

speaker

495 appearances 3 recordings 1 series first heard Nov 2024 last heard Jun 2025

Martin Wolf’s voice in public audio — every appearance, attributed to the second.

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NAB Morning Call · Weekend Edition: A new world reorder, with FT’s Martin Wolf · 15 Nov 2024 podcast

That's creating jobs, why not?

Um and we just l end up in a much more

more fragmented world than before.

And then lots of uh middle sized players in the world, East Asian countries, Australia, I don't know, will have to work out a way

They can grow quite big, but they won't be have integrated production systems or integrated production systems will be more complicated.

So essentially, I mean if allowed China is difficult, we don't know how that will play out.

It may get more nationalists, America might, but I I would expect the major multinationals which are affected by these trade wars to have uh production facilities.

facilities in every major market and those production facilities to become over time increasingly self sufficient.

So we will have an American system, a European system, Chinese system.

The world goes back to where it was sixty years ago.

But

Uh I I

I personally think that it would clearly it shortened supply chains.

But my view is that the uh the risk of these longer supply chains turned out to be actually really very small.

It's hugely exaggerated.

Given the scale of the disruption of the pandemic, the amount of production that was halted or interrupted, the speed

With which it was all recreated seems to me just staggering.

So it doesn't seem to me to have been a very reasonable, very uh severe risk, actually, that was being run.

And trying to duplicate production systems for everything across the world, and some of them are very difficult to do, as we can see, semiconductors and so forth.

But if you try and duplicate your

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