Why the US won't chase the cheapest supply chains10 min read . Updated: 02 Jan 2023, 10:21 AM IST
The friend-shoring approach aims to deepen our economic integration with a large number of trusted trading partners that we can count on: Janet Yellen
Washington, DC: Economies across the world have been strained by the events of the last three years. The covid-19 pandemic claimed millions of lives and brought the world economy to a standstill. Russia’s brutal war has taken a devastating toll on lives and infrastructure in Ukraine, generating seismic repercussions for oil and food prices at a time when the global economy was finding its footing.
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