ASR Thematics

It ties in with the rise in restrictive trade measures (see below). See particularly, in Europe,  Germany’s ‘National Industrial Strategy 2030’ advocates domestic mergers to ensure German companies are large enough to compete with international rivals, while a European version of this policy promoting ‘regional champions’ has wide backing too. Paul Blustein’s book, Schism: China, America and the fracturing of the global trading system’ on how China protects and promotes its national champions is a key article  while this piece distinguishes a ‘new breed’ of national champion. All worth reading!