The enemies of globalisation are circling

Rising nationalism and concerns about inequality and the environment threaten international trade.

A sudden retreat into economic autarky by the world's leading trading nations would certainly cause chaos and hardship. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

Globalisation is not just about trade and technology. It is also about politics. Political change, above all the collapse of communism, created the conditions for an age of hyperglobalisation. Now political change, above all rising nationalism, is threatening the dense network of economic ties built up over the last three decades.

The enemies of globalisation can be found across the political spectrum, from the nationalist right to the anti-capitalist left, and from the environmental movement to the intelligence services.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.