On a more positive note, despite the recent pushback by the supporters of economic nationalism, the fundamental driving forces of globalisation are not reversible. Nor is it desirable that they should be, given the extent to which they have contributed to global poverty reduction.
However, the globalised economy is a source of not just tremendous opportunities, even for conservative investors, but additional risks and associated costs of mitigation. These include the potential for various levels of contagion, as indicated by both the experience of the global financial crisis and the rise of cybercrime which, as I indicated my remarks, is an increasingly global phenomenon.