De-Globalization

Bygone year 2016 saw a wave of rising populism and nationalism across the west. In the reluctance of European countries to provide asylum to immigrants to Donald Trump promising USA a closed and secure future, an interesting pattern emerged which underscored the outlook of developed countries towards globalization.

Britain voted in favour of a “Brexit”. People choose to leave Britain as they did not want Immigrants coming and “stealing” their jobs. This lead to Exit talks in several other European countries such as Italy and France. People felt that their jobs had been stolen by foreigners and their taxes spent as welfare checks on these asylum seekers. Suddenly they felt the need to reclaim their resources and jobs and this lead to a rise in nationalist sentiment across the countries. A similar sentiment was on rise in USA. The world might blame Donald Trump and his policies but that is exactly what USA citizens wanted. 19/20 candidates in the presidential elections USA 2016 had Protectionist policies in their agenda. This is a reflection of what US citizens desire. They do not worry about Globalization or free trade, they worry about their next generations and the competition they might face in the years to come if immigration continues.

Britain PM Theresa May declared that Britain would not remain a part of the free trade bloc in EU and will heavily restrict the number of Immigrants. A lot of countries such as Italy have started sending Immigrants back. Donald Trump has taken the president office and opted out of the TPP (Trans Pacific Partnership) deal and is planning to impose heavy Border Adjustment Taxes to restrict Imports and boost exports.

While the developed world looks to close its borders, the developing nations are trying to open up as globalization provides them the opportunity to explore and grow. It has brought enormous advantages to emerging markets in recent years. De-globalization might become a reality in future but it will remain restricted to a few nations. As west closes its borders, other nations will emerge and become major market players. China and India will rise as new favourable trade zones and the world would shift its attention to east.

In spite of all these changes, de-globalization will remain restricted to the area of trade and Immigration. The world has time and again come together when faced with bigger issues. Take for example the continent of Antarctica. When the land was discovered, countries argued over land pieces and water resources. But when the damage done to the environment was exposed, all the nations came together to fix it. Issues like hole in ozone layer, declining number of whales, seals and penguins, were taken as important international problems and lead to Montreal Protocol as a solution. In the face of war, climate change, terrorism and other important concerns, the world would remain globalized because we have a collective responsibility towards this planet and these things affect all nations equally.

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