'You can't open and close the door at the same time': Singaporean economist on the risks of autarky

Can we "balance" trade integration and autarky? Economist Yuen Yuen Ang doesn't think so. At the joint forum hosted by CGTN and the World Economic Forum, themed "Resisting Autarky," she argued that trying to balance globalization and self-sufficiency is like leaving a door half open – "the worst of both worlds." She warned that tariffs, export controls, and investment screening often backfire, raising costs while ironically spurring indigenous innovation elsewhere. Tune in.Can we "balance" trade integration and autarky? Economist Yuen Yuen Ang doesn't think so. At the joint forum hosted by CGTN and the World Economic Forum, themed "Resisting Autarky," she argued that trying to balance globalization and self-sufficiency is like leaving a door half open – "the worst of both worlds." She warned that tariffs, export controls, and investment screening often backfire, raising costs while ironically spurring indigenous innovation elsewhere. Tune in.

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