BlackRock CEO, Larry Fink: “I believe we are going to see an acceleration of near-shoring and on-shoring… That still means globalization but a different framework”

…“I believe we are going to see an acceleration of near-shoring and on-shoring. So that still means globalisation but a different framework,” said Fink.

“I do believe it’s going to have a demonstrable impact on the emerging world as we move more manufacturing closer to demand. And so I do believe all of this is going to change the world order in a very large way,” said the American.

He urged governments to think “much more longer term”, predicting businesses will move “from one region to another, one country to another”.

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