Has globalisation peaked? That is the question being asked after it was revealed that world trade recorded its biggest contraction since 2008 in the first half of this year. The volume of global trade dropped 0.5% in the three months to June compared with the first quarter, the Netherlands Bureau for Economic Policy Analysis, keepers of the World Trade Monitor, said yesterday.
Source: The Week
Answer - No obviously not given tech change, transport costs and population growth. But we are not having a great time at present.
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