Deglobalization Already Underway — 4 Technologies That Will Speed It Up
By John Mauldin
Posted August 22, 2016
If we had to describe the last 50 years of economic history in one word, globalization would be high on the list. Thousands of small, independent economies around the world fused into one nearly seamless whole.
The things we use every day—food, clothing, vehicles, furniture, electronic devices, even the materials that compose our homes—now come from far and wide. We don’t even notice. International trade over vast distances is now so normal that we forget it wasn’t always the case. But now a reaction to globalization has set in. In cities and towns all over the United States, weekend farmers’ markets have sprung up, selling fruits and vegetables. The main attraction is that they are local. More…