Driving the news: The list of affronts to a vision of liberal internationalism keeps getting longer. Xi and Putin. Brexit and Trump. Bolsonaro and Erdoğan and Orbán. Pandemic-closed borders, and now war in Eastern Europe.
Leading investors are coming to the same view. BlackRock chief Larry Fink writes in a new letter to shareholders that the Ukraine war "has put an end to the globalization" experienced in recent decades.
Leading investors are coming to the same view. BlackRock chief Larry Fink writes in a new letter to shareholders that the Ukraine war "has put an end to the globalization" experienced in recent decades.
- Howard Marks, of Oaktree Capital, writes in a new investor letter that this era of globalization has been a boon for global GDP, but that the swing away from it may "improve importers' security," and "increase the competitiveness of onshore producers and the number of domestic manufacturing jobs."
The future of the world economy is deglobalization
"It now seems likely that the world economy really will split into blocs."
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