The growing trend towards economic nationalism may ultimately hurt international equities, according to Talaria Co-CIO, Chad Padowitz.
Chad noted that the global economy is moving from a period of global integration, which began in the early 1990s, towards a period of heightened nationalism and trade protectionism, led by the US.
“Geopolitical events, including economic nationalism and onshoring, require a fresh assessment of capital, risk, and how countries depend on each other,” he said. “We are in the midst of a fundamental change to the global integration we’ve witnessed in the past three decades.”