There are fears that the world is on the precipice of turning back the clock on globalization. In some ways, the case can be made globalization has been retreating since the financial crisis. One of the strongest supporting data points of that argument is world trade data. According to the CPB World Trade Monitor, the value of world exports (volume * price) has increased by less than 1% annually since making a high on 7/31/2007 compared to more than a 5% annualized growth rate since 1991.This is before the new wave of protectionism guaranteed by Trump administration.
