Globalization could be doomed - here's a chilling preview of what that world could look like
YouTube / Warner Bros
That's one possible result of an end-of-globalization scenario.
Credit Suisse published a study in September asking what would cause globalization to end, and what would happen if it did?
Globalization has been a powerful force, impacting economies and societies around the world, according to the study.
"In recent years, the path that globalization is taking has become obstacle strewn and much less clear."
The study highlighted a number of potential consequences of globalization coming to an end and going into reverse, ranging from reduced food imports and exports to increased civil strife.
Credit Suisse also notes that though an end-of-globalization scenario "can be both chilling and entertaining" - it seems that "at the moment we are far from that."
Scroll down to read how it could all play out:
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh