GLOBALIZATION IS DEAD! Long live multipolarity & bilateral trade among strong sovereign nations!

The year 2016 may go down in history as the portentous period when globalization as we have come to know it came to an end.

The year 2016 will go down in history as the portentous period when globalization as we
have come to know it came to an end.

The year 2016 has seen several unanticipated political outcomes and some even less expected market reactions. Specifically, it took four days for financial markets to recover from the Brexit vote, four hours to recover from the results of the US presidential election Trump win, and approximately 40 minutes to recover from the outcome of the Italian referendum.

In other words, all the fear-mongering globalists have been doing has now been proven to be just that; baseless fear-mongering. In fact, markets are now waking up to the fact that globalization was hurting and the new trend of international markets having distributed power and influence, versus centralized, and bilateral trade that is in the mutual interest of respective trading partners, has much greater potential for growth and prosperity in the coming years.

Globalization a thing of the past, we will not return to the kind of globalized world we have become used to. It is being replaced by multipolarity, characterized by the rise of regionally distinct approaches to economics, law and governance.

Globalization a thing of the past, we will not return to the kind of globalized world we have become used to. It is being replaced by multipolarity, characterized by the rise of regionally distinct approaches to economics, law and governance.

The year 2016 may go down in history as the portentous period when globalization as we have come to know it came to an end. Various events mark the end of a long phase of globalization driven largely by western multinationals, markets and laws, coupled with the startling rise in wealth in emerging economies. The easy flow of trade and people may now slow and the world could move toward multipolarity – regions that are distinct in terms of their economies, laws, cultures and security networks. – Michael O’Sullivan and Krithika Subramanian (CREDIT SUISSE)

Neil Farage was right when he sought the brexit, Donald Trump was right when he killed TPP & NAFTA, and sought a reset on bilateral trade with existing trading partners, Marine Le Pen is right to want to put the national sovereignty of France ahead of the EU-specific concerns coming from Brussels, and the proof of all that is increasingly already in the pudding, as this Credit Suisse report highlights.

Read the report HERE: http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=BCD82CF0-CF9D-A6CB-BF7ED9C29DD02CB1

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