threats of globalization
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Answer:Globalization, the increasing integration of local, domestic, and international markets, is facing several headwinds that may reverse its course, and end up slowing world economic growth and corporate earnings—An ugly prospect for Wall Street.
I’m talking about the rise of re-regulation in the US, the proliferation of the European sovereign debt crisis, the dismantling of “soft socialism,” and the escalation of crises in the Middle East and Asia.
Explanation: Globalization cannot be taken for granted, especially in a slow-growing world burdened with debt and old and new animosities that undermine domestic and international trade.
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