The end of an era: from globalisation to autarky

Weeks when decades happen

clock • 3 min read

Lenin is quoted as saying “There are decades where nothing happens, and there are weeks where decades happen”.

That is certainly the way it feels right now. Until recently, the world has been on a multi-decade path of greater integration, both at the geopolitical level and so far as economic activity is concerned. Indeed, since the start of the new millennium, globalisation has gathered momentum and, until Trumpism, Brexit and Covid-19, it was a dominant factor driving financial markets.  As predicted by Adam Smith, the Scottish economist and philosopher, the pursuit of comparative advantage supported and enhanced the wealth of nations. While there was sometimes vigorous debate around the fair di...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Global fund managers most bullish in two years as growth expectations improve

Global fund managers most bullish in two years as growth expectations improve

BofA Global Fund Manager survey

Cristian Angeloni
clock 13 February 2024 • 2 min read
 Stories of the week: 3 November

Stories of the week: 3 November

Odey Asset Management; BoE; Fed; - The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 03 November 2023 • 1 min read
Opportunity abounds as India gains entry to JP Morgan's bond index

Opportunity abounds as India gains entry to JP Morgan's bond index

'Significant foreign investor inflows’

Investment Week
clock 10 October 2023 • 6 min read
Trustpilot