Gideon Rachman, Financial Times | February 3, 2009
To date, the world has known globalization. ++ But the financial crisis has spurred talks on the new trend of deglobalization: shifting focus from the international level to the domestic one. ++ This does not seem to concern the Davos participants: globalization was reaffirmed and it was argued that the benefits of free market economics will always trump calls for protectionism. ++ While in theory globalization conquers all, political realities may well force globalization junkies to prioritize the needs and demands of domestic voters.