According to the study, globalization can bring down unemployment in many countries. Consumers like to spend money on products from around the world. Employees worldwide profit from it.
Global economic growth has peaked, the Organization for Economic Cooperation and Development has said in its latest economic outlook. And more clouds are appearing on the horizon in the form of trade disputes.
Berlin is reportedly mulling to toughen rules on share purchases in strategically important sectors by non-EU firms. The measure is prompted by the fear of Chinese corporate giants taking over German industry titans.
The government has "now reached the point where we need to ramp up these preparations" in case the UK crashes out of the EU. Without certainty, businesses in the UK are hurting, said the British Chambers of Commerce.
World in Progress is a 30-minute radio show that connects the dots in a globalized era.
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