Globalism took hits in 2016- will 2017 bring more?:

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Peter1469
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Globalism took hits in 2016- will 2017 bring more?:

Postby Peter1469 » Sat Dec 17, 2016 7:36 pm

Globalism took hits in 2016- will 2017 bring more?:

We have covered this topic often. The march towards globalism has been slowed in 2016. Let's see what 2017 brings.

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Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016.

The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries.

Borders are back in vogue. Economic nationalism is paying political dividends.

“We want our country back” was the rallying cry of those backing Brexit, a sound bite that had echoes in Trump’s “Make America great again.”

The rise of Trump and the triumph of Brexit had their roots in the global financial crisis of 2008. Eight years later, the world economy has still not yet fully gotten past that shock to its confidence — people are nervous, some are angry, and many are seeking novel solutions to their problems. Next year, there’s scope for more uncertainty with elections in France and Germany.

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