After globalisation: What’s next for a fractured world? With Neil Shearing

2025-09-01

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It’s a widely held assumption that US President Donald Trump has put globalisation into reverse. But Neil Shearing, group chief economist at Capital Economics and author of The Fractured Age: How the Return of Geopolitics Will Splinter the Global Economy, tells the FT’s world trade editor Peter Foster that Trump’s policies are a symptom and not the cause of the global trading system unravelling. They discuss how economic rivalry between the US and China is reshaping world trade – and where it might lead.Peter Foster ...

It’s a widely held assumption that US President Donald Trump has put globalisation into reverse. But Neil Shearing, group chief economist at Capital Economics and author of The Fractured Age: How the Return of Geopolitics Will Splinter the Global Economy, tells the FT’s world trade editor Peter Foster that Trump’s policies are a symptom and not the cause of the global trading system unravelling. They discuss how economic rivalry between the US and China is reshaping world trade – and where it might lead.

Peter Foster is the FT’s world trade editor. You can read his articles here

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Presented by Peter Foster. Produced by Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Original music and sound design by Samantha Giovinco and Breen Turner.

Read a transcript of this episode on FT.com

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