Karan Bhatia, Simon Evenett, Gary Hufbauer, 21 June 2016

In a recent speech, Jeff Immelt, CEO of General Electric, announced that in response to rising protectionism, his company was undertaking a profound shift in its corporate strategy to ensure that more production takes place closer to customers. This column highlights the trend towards localisation and, if this continues unchecked, the risks posed to the world economy.

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