Concerns about the outlook for global openness are often accompanied by predictions of a cloudy outlook for small economies, both in a specific sense (such as the impact of trade wars) and in a more existential sense.
Financial Times columnist Janan Ganesh recently wrote that "the belle epoque of the small nation is over" because "globalisation has been the era of small countries but that time may now be passing". It is increasingly argued that national scale matters in a world of economic and geopolitical turbulence and uncertainty.
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