Globalization is one of the dominant economic forces in the world today and given the politics of the world it is also one of the most controversial. Globalization has been one of the leading forces of overall global growth and is continuing to grow, albeit at a slower pace, yet the forces which would roll back or hinder globalization are increasing as well.
My friend Ian Bremmer, professor at New York University and founder of the Eurasia Group, is one of the foremost authorities on geopolitical trends in the world. In addition to the previous link, they have a comprehensive Wikipedia page. The Eurasia Group’s clientele base is a who’s who of large corporations, funds, and other organizations. They have an all-star group of advisors and personnel. They produce a large volume of materials on a wide variety of geopolitical topics.
Ian himself writes a weekly letter that hits my inbox on Monday morning and takes the form of a weekly briefing on global events. Two weeks ago Ian wrote a very solid essay on the issues surrounding globalization. This letter is normally seen only by his private (very-high-paying) clients, but he has graciously allowed me to make it this week’s Outside the Box. I think you will find it highly informative and well worth your time.
I am in Dallas, working away in a hopefully productive manner, but will stop a little early tomorrow afternoon to begin to prepare chili and all the fixings for my Brexit party tomorrow evening. The recent polls don’t make it look quite as close as it did last week, but things are rather fluid in the United Kingdom, so we’ll see who comes out to vote. And speaking of Brexit and parties, my friend Neil Howe, author The Fourth Turning and subject of last week’s Thoughts from the Frontline, is flying in to be here and sent me this interesting note:
Not really in my wheelhouse to cover this stuff hour to hour. But after a new poll came out 2 hours ago showing Brexit ahead by 1 percent, the FTSE and FXB turned south. If Brexit wins, or if it is even close, there’s going to be a lot of investigating about whose money is skewing the betting odds. It’s a multitude of small-money individuals on one side and a few big-money London financial houses on the other.
Don’t you just love conspiracies? They make everything so extra-special juicy… Have a great week. And now I’ll let you move right on to Ian’s essay.
You’re worried about protectionism analyst,
John Mauldin, Editor
Outside the Box
Update on Globalization
By Ian Bremmer
This weekend witnessed the worst mass shooting in the history of the United States. It will also surely be the most politicized. Some 50 dead at the hands of a self-declared ISIS supporter with an automatic assault weapon, in the midst of the most polarized presidential election the country has experienced in the post-war period.
The responses are divided strongly along political lines: the left focusing on gun…