In my keynote speech today, I will discuss the issue of globalisation and its diminishing role in today’s world, an era that has become known as post-globalisation and also talk about the worrying prospect of a global trade war and its implications.
This is shown clearly in the external accounts: over the last 60 years, the current and capital accounts, which measure the economy’s financing capacity, posted a surplus only twice in 16 occasions; meanwhile over the same period, the balance of goods and services was always negative.