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Globalisation

Today

Packaging group Amcor is good for a big deal every decade. This decade is its biggest yet.

Amcor’s whopper $76b tie-up shows it’s ready to rule the world

It’s one of the biggest deals of the year – and the financial numbers are eye-catching. Imagine $US650 million in synergies.

  • Anthony Macdonald

This Month

Trump’s second term is expected to fundamentally shake up the global trade map.

Five macro trends to watch in Trump’s new world order

As economists and strategists scramble to forecast the likely impact of Donald Trump’s next four years in office, one thing remains sure – it’s going to be big.

  • Joshua Peach and Jonathan Shapiro

August

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Multinationals sound alarm over weak demand in China

Weak demand in China has been a feature of half-year earnings across much of the global consumer goods sector.

  • Edward White and Thomas Hale

July

Dmitry Grozoubinski, a Geneva-based former Australian trade negotiator, and author of ‘Why Politicians Lie About Trade’.

This could be the funniest business book you’ll read all year

Former Australian trade negotiator Dmitry Grozoubinski has written a tome about international trade policy. And for that, he’s very, very sorry.

  • Hans van Leeuwen

May

Joe Biden.

America is undermining global rules, not defending them

Washington should dial down its claim to be protecting an international order that is clearly in decline, and instead talk up its defence of the free world.

  • Gideon Rachman
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Electric vehicles from China’s Geely car maker bound for shipment from the Port of Taicang.

America’s race to tear up trade rules hurts everyone

The US is growing tired of upholding the economic rules it laid out for the world after 1945. But tariffs only punish consumers and undermine competitiveness.

  • Edward Luce

April

Geely EVs bound for Europe at the Port of Taicang before departure.

‘It’s chaos’: Chinese EVs pile up at Europe’s ports

Executives say Chinese carmakers are not selling EVs in Europe as fast as they expected, turning ports into car parks.

  • Arjun Neil Alim, Robert Wright and Peter Campbell

March

Global trade patterns have changed radically in the past 50 years.

Lessons from a fund that has beaten the market for 50 years

Since 1973, Capital Group’s New Perspective Fund has ridden the shifting tides of world trade. With deglobalisation taking hold, will the strategy hold up?

  • James Thomson

January

COP28 president Sultan Ahmed al-Jaber holds the gavel at the end of the climate summit in Dubai on Wednesday.

The world is better seen from Dubai than Davos

When the world was American-led, market-based and ever more democratic, Davos was a useful distillation of it. Dubai is now a more faithful portrait.

  • Janan Ganesh
David Allen, head of long/short strategies at Plato Investment Management.

Ten ASX stocks that would be hit hardest by a macro shock

In what Ray Dalio says could be a year of seismic shifts, Plato’s David Allen is trying to protect his investors from shocks that can overshadow great stock-picking.

  • Updated
  • James Thomson
Iowa farmer Grant Kimberley

Iowa farmers stung by Trump’s trade war eye Haley

Trump’s tariff-heavy trade policies are less popular than many people think, and already swaying voters in the upcoming Iowa caucus.

  • Matthew Cranston

November 2023

Making trade flow faster would have disproportionate gains.

Simplifying APEC trade is even better than cutting tariffs

Streamlining clunky customs and quarantine procedures would have an outsize impact on the regional economy.

  • Robert Waschik and Craig Emerson

October 2023

Joe Biden and Anthony Albanese: conviviality, but trade was off the menu.

Free trade and the MAGA mob

It is being left to Australia to fly the flag for the dismantling of barriers in a hostile Washington and a thawing China.

  • Craig Emerson
Crushed pegmatite ore, ready for processing at the Pilbara Minerals lithium mine in Western Australia.

Farrell to meet G7 trade ministers in Japan

Australia will have a seat at the table at this weekend’s G7 trade ministers meeting in Japan.

  • Michael Smith
Everyone benefits when there is trade between specialisation.

Spurn trade, and make ourselves poorer

The world needs to update its ideas about free trade, not uproot them.

  • Richard Holden
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Indian Prime Minister Narendra Modi with the federal Member for Parramatta, Andrew Charlton, during his visit to Sydney in May.

Why Australia needs to take India seriously

The Asian giant is the source of significant numbers of migrants and its burgeoning economy offers opportunities for investment.

  • James Eyers

September 2023

An XPeng G6 electric vehicle at the Smart China Expo in Chongqing in China this month.

Europe joins US in prepping for China trade war

Policymakers on both sides of the Atlantic believe that it is not just their economies but their social and political stability that are at stake.

  • Gideon Rachman
Trade growth is slowing between the US and China in sectors caught up in the pair’s economic rivalry.

US-China decoupling is nascent but real, WTO warns

A major World Trade Organisation review says trade is starting to slow in goods at the heart of US-China tensions – and that extends to their allies as well.

  • Hans van Leeuwen

August 2023

Climate Change Minister Chris Bowen could impose some form of green tariff to protect domestic manufacturers.

Free trade is no longer risk-free in new world of de-globalisation

We can’t pretend national security risks and the need to reduce our carbon emissions don’t exist. But nor can this small, open economy give up on the free flow of goods, services, capital, technology, ideas, payments and people.

  • Cherelle Murphy

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  • Mark Mulligan

Original URL: https://www.afr.com/topic/globalisation-1mp0