Ingo Ploger, President of the Strategical Council – Ceal Globalization was a phenomenon comparable to a tsunami. The internationalization of the economy meant that protectionism no longer had a chance against technological developments and global innovation. Developed countries have opened up new markets, and Asia’s response through China and Korea has been a determining factor in the exponential evolution of internationalization. After the first wave, as in a tsunami, comes a rebound, that is, the return of the watermwith more force, which falls on the developed economies where the first wave came from. Financial markets were the first to feel the effect, followed by the economies of these countries themselves. Structural unemployment increased trade deficits and the diversion of investments, and […]
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