| It appears that the 'globalisation' era maybe | | | | due to some ill-conceived economic misadventure of |
| tempering down, hopefully not coming to an absolute | | | | another country/countries gained acceptance; the |
| end. My hope is based on the understanding that the | | | | countries in the globalized net appear to be moving |
| globalisation wave is far too strong and too deep to | | | | towards protectionism, which may either be state |
| ebb out totally overnight. Also it has several benefits | | | | supported / government directed or nurtured within |
| that the world has enjoyed and it would not be easy | | | | ideological native citizen groups. |
| to forget the merits all together thereby getting | | | | Ironically the economic slowdown is largely a result of |
| bogged down by the economic downturn and start | | | | the credit-bubble burst in the developed economy |
| looking only at the demerits of globalisation. | | | | economies due to which the entire global economy |
| Since ancient times, countries / civilizations have | | | | was impacted and now when unemployment and |
| traded with each other and endeavoured to be | | | | other adversities of economic slowdown have hit the |
| globally linked for mutual fulfilment and growth. | | | | shores of developed economy/economies, attempt is |
| However, with maturity of the globalisation model, as | | | | to implement protectionist policies in the hope of |
| it stands in the current state, it is characterized and | | | | resolving the issues. I am not sure if this smells of |
| differentiated from the ancient trading relationships in | | | | double standards - globalisation when I deal with you |
| that if country 'A' catches a cold country 'B' ends up | | | | but protectionism when you deal with me. |
| sneezing! This characteristic of globalisation that | | | | Not really sure where we would go from here but it |
| stares 'in the face' of the global ecosystem has | | | | appears to me that globalisation is slowing down and |
| driven the impacted economies (initial proponents of | | | | protectionism may be coming back. The wheel surely |
| globalisation) to now practice protectionism in their | | | | appears to have turned a full circle as far as |
| domestic context. | | | | protectionism > globalisation > protectionism is |
| The major economic slowdown, which started in end | | | | concerned. I would certainly not hazard a guess on |
| 2008 led to the advocates of globalisation to rethink | | | | the ultimate outcome or stand in judgement here; |
| their paths since at the very core a human being in | | | | however, one thing surely appears to be happening - |
| distress (who is not on the path of attaining | | | | these are churning and changing times, which will |
| salvation) is a selfish being and looks first at self and | | | | pave the path into the future and could be reference |
| others. Hence, when the feeling that one's own | | | | / discussion point for our next generation. |
| economy was suffering and coming into recession | | | | |