The Federal Chancellor now sees the world before a new phase of globalization.
(Photo: AP)
davos In Davos, Federal Chancellor Olaf Scholz made a clear commitment to free trade: “To put it bluntly: Deglobalization is a dead end,” said the SPD politician on Thursday at the end of the World Economic Forum.
With this, Scholz addressed one of the most important debates of this year’s meeting in Davos: In view of the increasing tensions between the USA and China, economists, investors and CEOs discussed the future of the global economy and free trade at numerous events.
At the same time, Scholz called for the “reduction of strategic dependencies”, meaning, for example, dependence on energy imports from Russia. An economy that broadens is more resilient in a crisis-prone world, he said. Federal Economics Minister Robert Habeck argued in a similar way in Davos on Monday.
>> Read about this: Open markets with new rules – Habeck’s plan for revitalizing world trade
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