Globalisation

As global trade faces disruption and uncertainty amid geopolitical tensions, countries are rethinking their strategies. India has taken a nuanced approach. Success will lie in navigating all three Ds well to balance openness with resilience and global integration with domestic strength.

Not native to our soil, oregano arrived with the pizza revolution of the 1990s. Its sharp, medicinal notes, thanks to the compound thymol, echo the taste of ‘ajwain’, a pantry staple across Indian homes

As America erects a trade wall, growth from globalization will take a bolder bet than it did when the Berlin Wall fell. India should opt for a renewed export thrust even if success demands difficult economic reforms.

This century’s tariff turmoil isn’t proving quite as alarming as the barrier-raising outbreak of the 1930s. Geopolitics and economics point to why we’ve seen so few knock-on tariff hikes in the wake of Trump’s trade policy aggression.

It had turned into ‘slowbalization’ even before Trump’s 2025 tariff blow. While today’s trade barriers echo the reversal of a century ago, the survival of globalization may hinge on how the internet holds up as a globalizer.

This sputtering carmaker was a paragon of globalization once, with its fortunes revived by a French-Brazilian-Lebanese chief. But the Carlos Ghosn scandal still haunts Nissan, even as its business remains too globalized for an era of protectionism.

The eventual merits of global economic integration are well established, but since it has short-term winners and losers, its governance must be reset for public resistance to be overcome. Its outcomes need to be equitable.

New US import barriers could result in cheap Chinese goods swamping non-US markets and hurting their local industries. It would serve the world economy far better if Trump pivots from a unilateral to a collaborative global strategy against China’s state-pushed exports.

Industrial policy may have got rebranded as industrial strategy, but we still need a global dialogue on the proper place for industrial strategy in a country’s policy framework, or else we can expect many more ruinously expensive pale pachyderms.