The sun is beginning to set on globalization.
Political uncertainty and the growing popularity of nationalist movements is making it harder to sign international trade agreements.
And all eyes will be on the kind of trade agreements Britain negotiates once it leaves the European Union in 2019.
But despite this trend, trade tariffs between developed economies remain low.
The World Economic Forum released its Global Competitiveness Report on the state of the world’s economies and it shows that protectionism is mostly a policy of developing nations.
Source: http://www.businessinsider.com/wef-countries-with-highest-trade-tarrifs-2016-10
