The end of globalization as we know it?
A new economic order?
Globalization, commonly defined as the proliferation of the international movement of goods, people, and information, has been ascendent since World War II and moved through several phases during that time. Has Trump pushed it into its final phase?
Deglobalization. What’s Next? (MetLife IM)
Although the withdrawal of the higher reciprocal tariffs was applauded by markets, the remaining 10% tariffs are still extremely significant.
Playing a Bigger Game (MFS)
For compliance reasons, this paper is only accessible in certain geographies
The macroeconomic backdrop is uncertain. Globalization may be in retreat. Active management can provide real value in this new world.
Investment Opportunities in a Changing Military Landscape (Mawer IM)
European defense companies offer potentially higher growth opportunities than U.S. counterparts due to the lower baseline of European defense spending.
Globalisation Isn’t Dead. It’s Changing (Capital Group)
For compliance reasons, this paper is only accessible in certain geographies
There are valid reasons for globalisation to go through a policy refresh—at least, the type of globalisation that we’ve become accustomed to since the early 1970s.
Trade and Development Foresights 2025: Under Pressure (UNCTAD)
The global outlook for 2025 is clouded by heightened policy uncertainty, the levels of which in early 2025 were the highest observed in this century.
How is Geopolitical Fragmentation Reshaping U.S. FDI? (U.S. Federal Reserve)
Over the past decade, U.S. outward direct investment has faced repeated shocks that complicate the analysis of DI fragmentation.
Foreign Direct Investment Reviews 2025: A Global Perspective (White & Case)
FDI screening is continuously evolving, in fact, maturing. It is imperative to stay on top of the FDI requirements as transactions are negotiated.
Trade Wars and the U.S. Dollar (PIMCO)
Nations in the post-Cold-War era—including allies bolstered by NATO security assurances—have been able to prioritize savings and investment over national security spending.
Ongoing Trade Tensions: Investment Implications (Fidelity Investments)
For compliance reasons, this paper is only accessible in the United States
With rapid tariff-driven changes in U.S. trade policy still reverberating around the world, a group of Fidelity’s experts discuss the state of play amid uncertainty.
Shifting Trade and Nat Security Priorities Split Globalization (PGIM)
Investors may find attractive opportunities in countries well-positioned to become near-shoring candidates.
