Economist: The Hormuz Blockade Spells the End of Free Navigation
The Strait of Hormuz blockade may signal a deeper shift in the global economy. As governments see how much leverage strategic choke points can provide, countries around the world are looking for strategic passages they can secure and exploit. Economist Alicia García-Herrero, chief economist for Asia Pacific at Natixis, says this trend marks the end of free navigation as we know it. As governments seek alternative trade routes and overinvest in strategic reserves, the world is becoming less globalized and increasingly fragmented. Host: Divya Gopalan
