An employee inspects a wafer at the production line of a semiconductor chip company in Suqian, Jiangsu province, on February 28. Semiconductors have emerged as the latest front of competition between China and the United States, putting progress on globalisation and the underpinnings of global trade under unprecedented threat. Photo: Reuters
An employee inspects a wafer at the production line of a semiconductor chip company in Suqian, Jiangsu province, on February 28. Semiconductors have emerged as the latest front of competition between China and the United States, putting progress on globalisation and the underpinnings of global trade under unprecedented threat. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Supply chains changing for good is why inflation is here to stay

  • So many distractions have taken attention from supply chains that the danger of the world’s vital economic organs collapsing has been concealed from view
  • In the absence of voices of reason, political leaders are being led by the nose into recession, possible economic depression or even outright conflict

An employee inspects a wafer at the production line of a semiconductor chip company in Suqian, Jiangsu province, on February 28. Semiconductors have emerged as the latest front of competition between China and the United States, putting progress on globalisation and the underpinnings of global trade under unprecedented threat. Photo: Reuters
An employee inspects a wafer at the production line of a semiconductor chip company in Suqian, Jiangsu province, on February 28. Semiconductors have emerged as the latest front of competition between China and the United States, putting progress on globalisation and the underpinnings of global trade under unprecedented threat. Photo: Reuters
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