Globalization took hits in 2016; Will 2017 lead to more? – AP

LONDON (AP) — Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016. The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries. Borders are back in vogue. Economic nationalism is paying political dividends. “We want our country back” was the rallying cry of those backing Brexit, a sound

Source: Globalization took hits in 2016; Will 2017 lead to more?

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