The Harvard Business Review reported on Monday that the slowing of globalization is a trend to be watched. It identifies immigration (in response to popular concerns about job losses) and the financial sector (in response to the latest global financial squeeze) as the most vulnerable sectors.
The publication particularly highlights that…
…it is in the economic interest of no one to reverse global integration. Protectionist backlash will slow recovery, increase prices, and drive unemployment. Yet, as history has shown, it is not beyond human ingenuity–or political process–to do, with all the best intentions, what is in the economic interest of no one.
So true!