I have grown up in a world characterised by increasingly interdependent global economies and cultures, where cross-border trade and the flow of investments, people and ideas seemed to be an unalterable trend.
Not only was globalisation at its peak in human history, but over the last few decades the world has experienced relatively stable geopolitics that has helped sustain and strengthen this growth in interconnectedness. This has helped contribute to strong global economic growth and less volatility in markets. Emerging market economies have been a particular beneficiary of this global trade, helping to elevate their growth and help improve living standards. Recession looms over markets in 2023 If you had invested in the MSCI Emerging Markets index 20 years ago you would have almost...
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