SINGAPORE (July 6): In the words of Nouriel Roubini, everybody loses in a trade war.
Currently a professor of economics at New York University’s Stern School of Business, the prominent American economist has worked at the International Monetary Fund, US Federal Reserve and World Bank – and more recently, was among the keynote speakers Amundi World Investment Forum 2018 conference in Paris on June 28 and 29. Here are some of his views:
Supply chains are now global and can be disrupted in one way or another.
The extent of the economic damage depends on how severe restrictions are on trade in goods and services, on labour and capital, says Roubini. Eventually, restrictions in trade, in technology, in information will occur. There is a risk that the world may become slightly less globalised or de-globalised... (Click here to read the full story)