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  "documentTitle": "Trend Compendium 2030 Megatrend 2 Globalization & future markets",
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  "authorName": "Roland Berger",
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      "text": "Donald Trump, the President of the United States, promotes a protectionist approach. He sees globalization as a zero-sum game and is openly highly critical of the WTO; Events like BREXIT, initiated in June 2016, might pose new challenges to the economic and political relevance of the EU; Besides, the political landscape of some European countries is faced with significant right-wing surges arguing for a more nationalist focus; French economist Thomas Piketty, a prominent opponent of the current form of globalization characterized by e.g. a lack of political intervention, criticizes the rising degree of income inequality",
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      "text": "Proponents of globalization promote advocacy of free trade to fuel the economy underpinned by free trade agreements; The general neo-liberal idea of free markets clearly favors the course of a globalizing world; Europe benefits from events such as France electing a president with a pro-European agenda and global perspective; As embodied by e.g. the World Bank, globalization should provide developing countries with the opportunity to attract foreign capital and prosper; Increased competition through larger markets will lead to more transparency and hence efficiency; As a side effect, free labor markets allow a more efficient distribution of talent",
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