The End of Globalisation?

By Michael A. Witt – in INSEAD Knowledge.

Political science suggests that a reversal, or even collapse, of globalisation is a distinct possibility. This is the first part of a two-part article

For most of the past 25 years, globalisation was seen as an unstoppable force, as sure to advance as the sun rises in the east. But increasingly, it looks more vulnerable than inexorable. Causes for concern are easy to find. For instance,
• the last set of World Trade Organisation negotiations over further trade liberalization, the Doha Round, was a failure;
• Donald J. Trump has disavowed free trade agreements such as NAFTA and the Trans-Pacific Partnership (TPP);
• Brexit will reduce economic integration between the United Kingdom and the European Union, and possibly between the U.K. and the world;
• and regional opposition almost scuppered the Canada-EU Comprehensive Economic and Trade Agreement (CETA). Is the age of globalisation coming to an end?


Povl Tiedemann
November 2016


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