The return of history is reshaping investment markets
Oliver Hartwich, Chris Rogers, Vikram Mansharamani | 21 February 2024 | 1.00 CE
It’s the year of the vote. A record-breaking 40-plus countries - some two billion people (more than 40% of the world’s population) representing over 60% of global GDP - will hold national elections in 2024, more in a single year than ever before. Yet authoritarianism and illiberal ideas are on the march globally, driven by the rise of strongman autocrats such as Vladimir Putin and Xi Jinping, and identity politics in the West. In such an environment, deglobalisation of the world economy, which accelerated during the Covid-19 pandemic, seems set to c...