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Globalization Collapses

From Ben Moshinsky writing at Business Insider:

World trade may be in the doldrums but global capital flows have suffered even more since the 2008 financial crisis.

This is according to analysts at UBS, who think it may lead to a “global war for capital,” where countries with strong domestic funding win and those depending on foreign investment lose.

Here’s UBS’s Paul Donovan and Sophie Constable:

The globalisation of capital flows were as much a feature of the post-1995 environment as were the globalisation of trade flows.

Global capital flows shrank significantly in the wake of the global financial crisis, and have not subsequently recovered in the way that global trade has recovered.

Read the rest of the story at Business Insider.

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