Is Globalisation Dead ?
In the past two decades, most of the countries across the globe opened up their economies. With the result, movement of goods, services and people was unprecedented. You go to Khan Market in Delhi, Whole Food Stores in Seattle, Alfa Market in Vile Parle, Bombay or small stores closer to South Harrow Station in London the bins and isles at these places are full of stuff from all across the globe. Similarly, top multinational companies in the length and breadth of globe are having workforce consisting of multiple nationalities. But in the recent time, most of the countries including Big Wigs like America, UK, France and other European countries started running campaigns like Country First, and imposing restrictions on movement of workforce, curtailing exports. Will it be the end of the phenomenon called globalisation ? In the past few years, global economic growth has been much slower than the average of previous four decades, and trade & capital flows acros...