The spread and acceptance of globalization has been an unrelenting force, but its march forward has lost some steam in recent years—is this the beginning of a new trend towards an outright contraction in globalization or merely a temporary deceleration?
We believe the broader trends of globalization remain in place and will continue to move forward as the benefits are widespread and far-reaching. Credit investors have long benefited from globalization, and now may want to prepare for an element of “regionalization,” particularly given some of the supply chain disruptions we have seen as a result of the Covid-19 pandemic.
The Rise Of Hyper-Globalization
Globalization gained acceptance and became more prominent following the 1970s. The economic landscape quickly shifted towards free and liberalized international…