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Username: Maria

Rating:
Guru Stars

Asked to: Heng Kim

Date Created: 09 Dec 2016
Category 28
Tag Financial
Question What is 'Peak Globalization'?
Advice from Guru
Hello Maria,

Peak globalization is a theoretical point at which the trend towards more integrated world economies reverses or halts. Peak globalization is a conceptual cousin to peak oil, which is the point where global oil production enters a permanent decline. Unlike oil, globalization is an economic trend rather than a commodity, so there are no hard physical limits on the level of globalization in the world. Instead, peak globalization would be caused by a collection of factors including domestic pushback against the loss of jobs in export hurt industries, increased nationalism and overall anger at unfair trade practices like dumping and currency manipulation.

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