What will a Post Covid-19 world look like? - Protectionism (self-reliance)

We increasingly rely on long supply chains where materials, parts, and finished goods travel worldwide before arriving at the consumer.

Closed borders and xenophobia have restricted the free flow of people and goods.

Current inflation is being blamed primarily on Supply chain interruptions.

Woods (2021) uses the example of a small business's struggles with Supply chain interruptions to explore what this means for globalization.

Will this create increased self-reliance?

Will the perceived need to rely on local resources increase local production?

Will interstate and international trade suffer?