Say Goodbye to Globalization as the World has been disordered in 2020

 

The last four-decade era of globalization may be coming to an end and the world would be heading into an "Age of Disorder", which might will reshape both economies and politics, according to economic research analysts.

One of the key characteristics of the new era will be the reversal of unfettered globalization, as a team of analysts predicted. While they believe "the best combined asset price growth of any era in history, with equity and bond returns very strong across the board" since 1980, the "Age of Disorder" is likely to break this trend.

The deteriorating of U.S.-China relations is another theme (out of eight) that will define the next distinct era of modern times, "which is hastened, but not caused by, the pandemic." The analysts note that the Chinese economy will be closing the gap with the U.S. and could finally outperform it by the end of the decade.

"A clash of cultures and interests therefore beckons, especially as China grows closer to being the largest economy in the world," the report says. 

 

Read Full Report at:  Say Goodbye to Globalization as the World has been disordered 

 

 

The Influence of State Bureaucracy on Economic Growth 

Comparison of Legislatures - United States vs European Union 2020

 

The bureaucracy of a state or country depends beside other matters strongly on the size of the parliaments and their number of members, and thus influences the inertia of the bureaucracy. A good overview shows a comparison of legislatures (= national parliaments and congresses) and the number of population or GDPs between the USA and the countries of the E.U.  

 

Bureaucracy inhibits economic growth, in particular due to higher expenditure for regulations and regulations as well as increasing costs like compliance costs of business start-ups. The effects are very obvious and considerable. These unambiguous empirical studies alone make it clear how important strategies are for reducing bureaucracy and for better regulation.  

 

Read the Full Report at: Comparison - United States vs European Union 2020