Merryn Somerset Webb talks with Ed Conway, economics and data editor at Sky News and author of "Trade World," about the vast and often invisible supply chains behind the things we buy and whether decades of globalization have made economies more resilient or dangerously dependent. They also discuss China’s manufacturing advantage, and whether the UK and Europe can rebuild their industrial base without giving up the cheap goods consumers have come to expect. 00:00 Introducing Ed Conway and "Trade World" 03:01 How global supply chains really work 7:04 Has globalization made us more vulnerable? 14:22 How China became a manufacturing powerhouse 16:57 The economic case for making things at home 19:31 Why reindustrialization means higher prices 25:46 What happens if global transport gets more expensive? 32:55 What should your children study in the age of AI? Sign up for the Merryn Talks Money newsletter: https://www.bloomberg.com/account/newsletters/merryn-talks-money Sign up for the Money Distilled newsletter https://www.bloomberg.com/account/newsletters/money-distilled Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg For coverage on news, markets and more: http://www.bloomberg.com/video