Globalization at crossroadsAt the peak of globalization, the Baltic Dry Index (BDI) was often used as a barometer for international commodity trade. This era of globalization peaked between China’s accession to the World Trade Organization (WTO) in 2001 and the global financial crisis in 2008. Falling world investmentBefore the global crisis, world investment soared to almost $2 trillion. Following the global financial crisis, there has been a dramatic fall in global finance as well. For more, see https://www.differencegroup.net/This commentary is based on Dr Steinbock’s recent global economic briefing on “Globalization a Decade after the Global Financial Crisis.”Loading...

Source: Manila Times September 09, 2018 16:52 UTC