for subscribers

Globalisation and free trade are not enemies

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Short-termism and expediency are the enemies of the positive forces of free trade and globalisation, say SARB deputy governor Daniel Mminele and Andreas Dombret, a member of the executive board of the Bundesbank.

WE ARE living in times of elevated uncertainty which could intensify in the period ahead, given the heightened risks to global growth brought about by the current geopolitical environment.

We have been witnessing a rise in populism against multilateralism and globalisation. As both the Brexit vote in the UK and the presidential election in the USA made clear, there are increasing concerns with regard to the burden resulting from globalisation and therefore higher support for tighter controls on trade and migration.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.04
(-0.38)
ZAR/GBP
21.81
(-0.11)
ZAR/EUR
19.90
(-0.12)
ZAR/AUD
12.03
(-0.12)
ZAR/JPY
0.16
(-1.12)
Gold
1860.65
(+0.03)
Silver
22.87
(+0.11)
Platinum
844.51
(+0.50)
Brent Crude
42.23
(-0.12)
Palladium
2207.00
(+0.59)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1368 votes
It depends on how the funds are used.
73% - 8860 votes
No. We should have gotten the loan elsewhere.
16% - 1959 votes
Vote