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Business - At Davos, retreat of globalization stokes fears for poor nations

In 2014, Arnold Kamler, CEO of New Jersey-based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. For business and political leaders gathered in the Swiss Alps town of Davos for this year`s World Economic Forum, Kamler`s experience - part of a process Morgan Stanley once dubbed the `re-industrialization` of America - is a cause for some anxiety. If a mix of accelerating automation and trade protectionism is the defining economic climate of the moment, globalization may well be in decline, and developing nations that failed to capitalize on the past two decades of economic integration - notably those in Africa - may have missed the boat altogether.

Tuesday, January 17, 2017  10:04

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