The end of globalisation?
The grand narrative of globalisation, long considered to be the best route to economic prosperity and a euphemism for socio-economic development over the past few decades, may not be as inevitable as once considered.
In this video, Dr Abdoulie Sallah presents differing views of globalisation.
For most of the past 25 years, globalisation was seen as an unstoppable and an irreversible force, as sure to advance as the sun rises in the east. In the past few decades, globalisation has narrowed the wealth gap between rich and poor countries but fed into a growing crisis of inequality within Western countries and developing countries.
Globalisation is now considered to be in crisis and at a point of receding, where provincialism and nationalism are taking hold. With the rise of economic nationalism, the looming fear of new trade wars between the USA, China and Europe, rising geopolitical tensions, the intensification of market protectionism and the shifting global economic landscape from the West to the East, many commentators have begun announcing with conviction the dead of globalisation.
But what do you think? Where is globalisation leading us into the future?
Read the executive summary of the article Globalization in the Age of Trump available online from Harvard Business Review. Note: you will need to close the message on HBR’s website to read the executive summary.
To what extend do you agree or disagree with the views articulated by the author?
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