Globalization to withstand protectionist challenges - By Dr Isabel Yan T

The last stage is the “standardized product” stage during which the production of In fact, Trump’s radical agenda to restrict the product becomes more standardized and trade and immigration is not without potential the price lowered. [...] has signed Executive Orders suspending entry on European Union (EU) membership shocked continuing to invent new products, rather than of citizens of seven (later six) Muslim-majority the world, and set the UK off on the path of restricting the production of mature products to countries for 90 days. [...] Moreover, the UK’s between the UK and other EU members are position as the top global euro trading centre established, the UK’s net exports of goods (the UK accounted for 45% of total global euro and services to the European Single Market, trading in 2016) was challenged by the European especially in its key financial services sector, Central Bank (ECB) whose “location policy” could decline signif. [...] The success Counter to the prevailing protectionist trend, the and widespread acceptance of the OBOR plan OBOR plan lays down an economic framework serves as a counterforce to Trump’s protectionist that boosts economic cooperation. [...] Eastern Europe, the Middle East, Russia, South Asia and South-east Asia along the Silk Road The globalization project in 2017 is facing a Economic Belt and the 21st century Maritime Silk number of backlashes, but the need for greater Road.