Globalisation ends according to CEO of BlackRock
CEO of Black Rock, one of the biggest global investment fund, declared the end of globalisation we know as an impact of the Ukraine war. On 24 March, Larry Fink wrote in his letter
‘companies and governments will also be looking more broadly at their dependencies on other nations. This may lead companies to onshore or nearshore more of their operations, resulting in a faster pull back from some countries.’
He also said that
‘Mexico, Brazil, the United States, or manufacturing hubs in Southeast Asia could stand to benefit.’
Black Rock will be focusing on digital currencies in the rapidly changing global economic environment.