Trump, China, and the Fight to Rebuild Industry | Economist Jostein Hauge Explains

Economist Jostein Hauge joins India & Global Left to discuss the resurgence of industrial policy across the Global North — from the U.S. and Europe’s push to “bring manufacturing back home” to the deep implications this shift holds for the Global South.🔴🔴🔴Support Independent media to remain bold: https://patreon.com/IndiaGlobalLeftLink for donation: https://paypal.me/sankymudiar🔴🔴🔴We explore the limits of Western reindustrialisation, the changing nature of jobs in the new industrial economy, and how countries like China, Vietnam, and Mexico have leveraged state capacity and industrial policy for growth — while much of South Asia and Africa continue to struggle with structural dependence.Key themes in this discussion include:The return of industrial policy in the U.S. and Europe amid rising economic nationalism.Whether the West can truly reindustrialise and what kinds of jobs this new economy will create.Germany’s industrial stagnation and debates over shifting toward a service-led model.The centrality of industrial policy in China’s development and the role of state capacity.Why East Asia succeeded while India and Africa lagged in industrialisation.The divergence between China and the Global South, and why some economies benefit from U.S.–China tensions while others don’t.The need to rethink export-led growth models and move toward national development strategies.🔴🔴🔴Follow us on Substack: https://substack.com/@indiagloballeftTwitter: https://twitter.com/Indiagloballeft Instagram https://www.instagram.com/indiagloballeft/ Facebook: https://www.facebook.com/profile.php?id=61559411353392Spotify: https://open.spotify.com/show/69Y9iCWUv8ha3ATsPWtWk0?si=ee1f0de3de094f17Telegram: https://t.me/+WNlqoiv1Rhg5NjEx🔴🔴🔴📌 Watch for a rich conversation on global capitalism, state power, and the changing world economic order.