Globalisation

Globalisation ‘is gone’, plurilateralism on the rise, says Temasek chief

Cooperative arrangements gain prominence as governments build alternative trade and investment links

Sweden (top), Germany, Norway and Finland kept their place at the top of the list, which is compiled and published by Washington-based think tank Centre for Global Development (CGD)every two years.

World's richest nations are pulling back from global development efforts

The United States fell two places to number 28 in the ranking in this latest report

With a presence in most Asean markets including in Singapore for 166 years, Standard Chartered is well placed to support the changing needs of Chinese companies expanding into the region.

Seizing opportunities in Asean

Chinese companies eyeing expansion in the region will need to have deep local understanding, adaptable strategies and trusted financial partners

PM Wong says: “If we can remove all the unnecessary distractions like border issues and make sure that we have peace and stability to focus on concrete initiatives that can bring Asean together, we can make progress.”

US baseline 10% tariff not ideal but Singapore ‘can live with it’: PM Wong

The country must ‘take the world as it is’ but can still shape its own destiny, he says

Workers in Austria. While manufacturing declined in both the EU and US, Europe's exports had increased to give new employment opportunities to workers.
THE BOTTOM LINE

Why Americans and Europeans disagree about globalisation

Diverging views on trade are due to differences in institutions, social resilience and political narratives

There may be an irony in the way a project of reclaiming sovereignty – to launch what Trump calls “a thrilling new era of national success” – depends on technical change paid through global funding.

The perverse globalism of Donald Trump

His efforts may ironically lead to a better version of globalisation

Containers at the Port of Los Angeles. In the 1930s, multinationals adopted three main strategies to cope with deglobalisation and political instability.

Tariffs got you down? Brush off the 1930s playbook

Ninety years ago, multinational firms found multiple ways to get around protectionism and political instability

With Nissan’s announcement of a 670.9 billion yen loss on May 14 alongside a promise to close seven of its 17 factories, one of the world’s great carmakers may be approaching its endgame.

Nissan is dying and taking globalisation with it

IN RETROSPECT, you can put a date on the moment globalisation peaked: Jan 24, 2018.

According to Trump, Americans would be better off producing what they need rather than buying them from abroad, even if that leads to higher costs.

Bye, bye globalisation? Trump’s tariffs usher in a new economic age

The president wants products sold to American consumers to be manufactured in the US, and to undo the process of integrating the global economy and end free trade policies

So, what is globalisation's future? Long-distance interdependencies will remain a fact of life as long as humans are mobile and equipped with communication and transportation technologies.
PERSPECTIVE

Does globalisation have a future?

With an anti-globalist America at the fore, we may end up with only harmful long-distance dependencies, rather than beneficial ones