1. Rumors of the demise of globalization are greatly exaggerated.
Cross-border flows of financial, human and digital capital are reaching high water marks—with new technologies further accelerating the pace of global change.
2. A populist backlash against globalization has taken hold in developed markets—at times focused on free trade and at times on immigration.
The momentum behind global integration and the “borderless” challenges this has created is seen as a threat to state sovereignty – and now, nation-states are taking a variety of actions to wrest back control.
The escalating tussle between globalization and nationalism could have significant implications for global markets. As a result, institutional investors may want to consider rethinking their investment approach across 5 primary areas.