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Globalisation in retreat

Published Wed, Jun 8, 2016 · 09:50 PM
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Washington

JEFFREY Immelt, the CEO of General Electric (2015 revenues: US$117 billion), gave an interesting speech the other day that illuminates some pressing questions about the future of globalisation. This involves politics as much as economics.

It should be no surprise that the three major presidential candidates (Hillary Clinton, Bernie Sanders and Donald Trump) are no fans of globalisation.

Most people consider globalisation an economic phenomenon, signifying the spread of technology, the growth of trade an…

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