In a recent speech, US Vice President JD Vance explained the failure of globalization in these terms: "The idea of globalization was that rich countries would move up the value chain, while poor countries would manufacture the simplest things." This order has not held.
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The Recomposition of the World - Part 1
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In a recent speech, US Vice President JD Vance explained the failure of globalization in these terms: "The idea of globalization was that rich countries would move up the value chain, while poor countries would manufacture the simplest things." This order has not held.