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19 Sep 2016

Is globalization on the retreat?

In the Financial Times (September 7th), Martin Wolf commented that globalization 'has stalled ... and it might reverse'. He cited the unexpected consequences that have flowed from the globalization of markets, such as mass migration and growing inequality, which are reducing public and political support. This is reflected in 'stagnation of world trade', even when the world economy is growing, and a reduction in cross-border financial assets and foreign direct investment.


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