The Munich Security Conference is an annual forum for the exchange of views by international security policy decision-makers. Two speeches at this year’s conference have revealed a profound divergence between the United States’ and Europe’s approach to industrial development.
The interdependence of countries that characterised the globalised world economy of the past 35 years is coming to an end. It will have critical consequences for Australia.
Deindustrialisation
In the first speech of particular interest to us, U.S. Secretary of State Marco Rubio said that the era of global integration, which began with the fall of the Berlin Wall in 1989, is being reversed. Global…
