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DEUTSCHE BANK: ‘Globalization is under siege’

15th century seige

Deutsche Asset Management, the asset management arm of Deutsche Bank, believes globalization is under serious threat and the “benefits have to be better articulated to the public.”

Josh Feinman, Deutsche Asset Managment’s global chief economist, says in a recent note to clients that anti-globalization sentiment has “unleashed a political backlash, an anti-establishment revolt— “a politics of rage” —that has contributed to the UK vote to leave the EU, the U.S. election of Donald Trump, and the rise of populist, nationalist parties throughout Europe and in parts of Asia too.”

He adds that “Opposition to globalization is not the only driver of these read more >>>

Source:: BusinessInsider.Com

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