09/19/2022 – Globalization has promoted greater price stability, alongside greater technological ad-vancement and international exchange. The relocation of manufacturing processes to countries with low wages and an oversupply of labor has further created competitive advantages. Many nations have benefited from this global division of labor and trade, as their development has largely remained unhindered by geopolitical restrictions.

Read more in the Macroeconomic Comment by Peter von Elten.