The End Of Globalization?

Is This The End Of Globalization? -- David Francis, Fiscal Times

In the three decades before the 2008 financial crisis, individual national economies became increasingly global: banks, companies and consumers overseas had a direct impact on the economy here in the United States.

But in recent years, the amount of money flowing across borders has drastically decreased. According to a new report, this represents a drastic shift away from international commerce, with localized markets more dependent on domestic consumption for growth. It could mark the end of modern globalization.

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My Comment: Globalization has been a historical trend since the beginning of recorded history. I expect this trend to continue.

Has Globalisation Made Us More Catastrophe-Prone? -- A Commentary

From The Independent:

As the world grapples with the worst economic downturn in decades and the possibility of a flu pandemic, a growing body of research suggests the complexity of the modern global economy may make us more vulnerable than ever to catastrophe.

The financial crisis began as turmoil in one small segment of the US mortgage market. Within months it had morphed into a global meltdown affecting almost everyone on earth.

"The speed at which these events unfolded was unprecedented," said the World Economic Forum's 2009 report on global risk.

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