Hi, I'm Ravi Agrawak, Foreign Policy Magazine's editor-in-chief.

This is FP Live.

Welcome to the show.

Around the world, countries are looking inward.

Some call it de-globalization.

I guess it's also connected to nationalism.

But whatever the exact term,

what's clear is that trade flows are being deprioritized in favor of domestic manufacturing.

Big countries are plowing large sums of money into infrastructure projects. Now, to be clear, this is fine on its own. It is good to invest. But what if it turns out to be counterproductive? That is what FP Spring

print cover sets out to explore. The cover says what made in America means for the world. We have three

pieces in there featuring three important voices. There's Adam Pozen who argues that while the

Biden administration's massive investments in decarbonization and semiconductors are well-meaning,

they represent zero-sum economics, which will backfire.

Two centuries of economic history suggest initiatives such as the Chips and Science Act and the Inflation Reduction Act won't work as designed, he says.

Meanwhile, the economist Iswar Prasad makes a broader point about how all of this hurts small countries in particular, because they just cannot keep up in a world in which the big economies only look within.

And then finally, U.S. trade representative, Catherine Tai, a former FP live guest, refutes that argument, saying that U.S. trade representative Catherine Tai, a former FP live guest, refutes that argument,

saying that U.S. policy is designed to lift Americans, not leave them behind.

Which of them is right? Well, you should read all their takes in our print issue,

which you can find on foreign policy.com. And to be clear, this isn't just about the Biden

administration. The U.S. trends described in our issue began under the Trump administration

and during the pandemic. So this is less of a partisan issue than one in which there's a divide

among the community of economists and politicians. The question is what's the

...