When it pays to invest in smaller firms and countries

Monopoly power is and remains a huge problem in the global economy. But the news of the past week has me wondering whether we have reached what might be called "Peak Big": a new limit to the advantages of size.

If you think about recent news stories, from US President Donald Trump's China tariffs, to the Facebook privacy scandal and recent market volatility, the common thread is that all things large are under threat.

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A version of this article appeared in the print edition of The Straits Times on March 27, 2018, with the headline 'When it pays to invest in smaller firms and countries'. Print Edition | Subscribe