Globalization Is Crumbling
Opinion (Michael Khazin, economist): “Processes follow global trends and are against them. From the 1990s to 2005, has been a global trend in increasing globalization, but regional integration processes went against it, and it was very difficult and expensive to maintain them.
“Since 2008, a mechanism to stimulate demand through emission, the issue of the dollar, stopped working, and it remains either to endure the fall of living standards, or to change the mechanism for maintaining demand with the dollar issue for regional emission centers.
“The end of capitalism is ahead, which Europe and the USA are not willing to admit. Regional integration has become a global trend. Globalization is crumbling. Everything will be decided in the framework of regional integration processes.”
My Comment: Everything will be solved only through connection in circles. Let it be called regional integration. Gradually, its borders will expand to cover the whole world.
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