Stephen D. King is the author of When the Money Runs Out: The End of Western Affluence and Losing Control: The Emerging Threats to Western Prosperity. He combines his role as HSBC's Senior Economic Adviser with journalism and consultancy work, and is a specialist adviser to the House of Commons Treasury Committee.
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Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets, is beginning to fracture. With disappointing growth rates across the Wes... SEE MORE