If task trade could be done within a region, with the fall in transportation and communication costs it can be done across borders and long distances as well.
While these measures are necessary to contain inflation, they may eventually trigger a further slowdown in the global economy. There are numerous other risks surrounding overseas economies. Europe, which has been affected by high inflation and interest rate hikes, faces a risk that constraints on energy supplies will intensify. Adjustments in the Chinese real estate market also are a source of concern.