Deglobalization Threatens the World Economy and Investors Alike
Overview
One of today’s dominant macro-trends is the reversal of globalization—the free flow of people, goods, services, capital, technology, and ideas across national borders. COVID-19 has further accelerated the deglobalization. In this environment, equity investors may have a harder time finding steady profitability and value. Taking a look at how we got here and moving forward, history provides insights on how to navigate the challenge.