David McWilliams: Ireland has a lot to lose from ‘slowbalisation’
Few societies have benefited as much as ours from globalisation. But its heyday is over
Countries like Ireland have a lot to lose if the world gets smaller. Photograph: Getty Images
Few societies in the world have been so positively transformed by the economic opportunities arising from globalisation as Ireland. Countries get rich from trading, and small countries get rich quicker when they can escape the limitations of their own small domestic market by trading with the rest of the world and getting their message heard beyond their borders.
The heyday of globalisation has been from 1990 to now, although things are changing with trade wars, nativism and protectionism. Countries like Ireland have a lot to lose if the world gets smaller.