The extent of the economic damage depends on how severe restrictions are on trade in goods and services, on labour and capital, says Roubini. Eventually, restrictions in trade, in technology, in information will occur. There is a risk that the world may become slightly less globalised or de-globalised.
To continue reading,
Sign in to access this Premium article.
Subscription entitlements:
Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Wall Street traders rush for the exit after Fed's rate-cut shift
- One in four Indonesia firms evaded tax: World Bank survey
- South Korea's Yoon apologises hours before impeachment vote