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Bank Of America: Globalisation Is Ending
The world is entering a decade of “peak” and globalisation is ending.
The Decade of “Peak”
For years, academics, political leaders and thinkers had argued that the world was fusing into one single entity. “Globalisation” became the most important word on the lips of our thought leaders. Yet the last few years have shown increased resistance to it. Whether he re-enters the White House or not, Trump’s 2016 election was symbolic of a growing scepticism towards the very idea of global integration.
And it wasn’t only an American phenomenon. Across the globe, there seemed a new wave of thinkers and politicians who professed a newly found suspicion of globalisation.
Whether this is merely a hiccup towards humanity’s endpoint as a globalised species is debatable, but at the start of the year, one of the world’s most important financial institutions released a report in which they gave their answer.
Bank Of America-Merrill Lynch, an organisation which has benefited enormously from globalisation argued that the 2020’s would be a decade of “peak” in which numerous macro-trends, or “themes” would intersect to create one of the most eventful decades in recent history.
