Globalization Under Pressure
Rising support for trade protectionism and nationalism, reflected in recent elections and referendums in the US and Europe and in public sentiment more widely, challenges fundamental assumptions about the inevitability of globalization.
Slowing global trade, expansion of protectionist measures, and rapid rise in nationalistic and xenophobic rhetoric are increasingly prominent issues globally. The US presidential election and Brexit as well as ongoing election campaigns in Germany and France have all been marked by nationalism and calls to rollback political, economic and cultural liberalization. Companies must determine the impact of barriers to trade and capital flows generally, as well as what this means for corporate sustainability.