Globalisation is going into reverse

It finally seems to be dawning on investors that globalisation can no longer be taken for granted.

Donald Trump and Xi Jinping © NICOLAS ASFOURI/AFP/Getty Images

Donald Trump and Xi Jinping: relations between theUS and China have undergone a "fundamental reset"
(Image credit: Donald Trump and Xi Jinping © NICOLAS ASFOURI/AFP/Getty Images)

Markets have been experiencing "a collapse of confidence", says Adam Tooze in The New York Times. The main problem is not the economic backdrop, but a deeper realisation. It seems finally to be dawning on investors that globalisation is "no longer supported by the combination of... economic policy and congenial politics" they once took for granted.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.