(Video) Rajya Sabha TV (RSTV) The Big Picture: Localising Globalisation

Topic: Localising Globalisation

Guest:

• Dr. Arvind Virmani, (Chairman, EGROW Foundation & Former Executive Director, IMF)
• Aruna Sharma, (Former Secretary, Ministry of Steel, GoI)
• K. A. Badarinath, (Senior Journalist)

Topic Description:

The dual supply and demand shocks from the Covid-19 pandemic are expected to cause a global recession. In the last several weeks, global supply chains have been disrupted as workers are locked down, factories shut, and closed borders and terminals block supplies and cargo. Aggregate demand has collapsed. The pandemic threatens to usher in a phase of economic insularity, through efforts at localisation of supply chains and stricter immigration controls.

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Courtesy: RSTV