RISING PROTECTIONISM AND EXTREMISM
The global trends that are unsustainable and pushing the extremes have long begun to create their own opposite. As the irrationality called globalization became monolithic and monetary authorities became ineffective, protectionist tendencies began to strengthen; the strengthening of risk aversion was inevitable. Trying to save the financial system during the global crisis, shifting the political center to the right and anti-immigration policies especially in developed economies, were the footsteps of rising protectionism. Through the shift of production and the feeding of the perception of the systematic risk by affecting global trade volume was inevitable. From this point of evaluation, the results stemming from the UK's EU referendum or US presidential election cannot be considered as a surprise. The results of failing to produce global solutions and based on consensus to the global problems were obvious.
Protectionist tendencies that have begun to come to the forefront mean that their perspective is rapidly shifting to the medium term, and the tendency to avoid risk is likely to continue to grow in a fluctuating way. It is not time to pursue dreams!
