World falling out of love with globalisation

Without care, an unhelpful jigsaw piece from the 1930s might come crashing into place. By Neil Williams, chief economist, OMFIF.

Financial globalisation has held up pretty well so far, but will it succumb to fragmentation? By Massimiliano Castelli, head of strategy and advice, and Philipp Salman, strategy and advice, global sovereign markets, UBS Asset Management.

Currencies usually enjoy a century of dominance, with the dollar gaining its status in 1944. That may be coming to an end, writes Willem Middelkoop, member of the OMFIF advisory board.

The new paradigm in global politics will have a marked effect on financial transactions, writes Herbert Poenisch, senior research fellow, AIF Hangzhou.

Protectionism increases the cost of global trade, explains Elliot Hentov, head of policy research, State Street Global Advisors.

Inclusion and sustainability are key to a resilient global trade system, by Roberta Casali, vice president, finance and risk management, Asian Development Bank.

Investment in education, healthcare and climate change will do more to address inequality, explains Taimur Baig, chief economist, group research, DBS Bank.

The economic model that served the euro area in the decade before the pandemic is no longer fit for purpose, writes Katharine Neiss, chief European economist at PGIM Fixed Income.

An open strategic autonomy must be ensured in the financial sector, writes Gediminas Šimkus, chair of the board, Bank of Lithuania.

Higher energy prices are forcing an economic readjustment for many central and eastern European states, writes Miroslav Singer, former governor of the Czech National Bank.

To address the economic shockwaves of Russia’s invasion of Ukraine, a post-pandemic fiscal consolidation is necessary, writes Mauricio Cardenas, School of International and Public Affairs at Columbia University.

Latin American economies should not risk their hard-won monetary and fiscal credibility, writes Alexandre Tombini, chief representative of the Bank for International Settlements in the Americas.