{"id":5032,"date":"2022-05-27T09:00:49","date_gmt":"2022-05-27T07:00:49","guid":{"rendered":"https:\/\/www.obsfin.ch\/?page_id=5032"},"modified":"2022-05-27T09:01:04","modified_gmt":"2022-05-27T07:01:04","slug":"discussionboard-n28","status":"publish","type":"page","link":"https:\/\/www.obsfin.ch\/fr\/discussionboard-n28\/","title":{"rendered":"OF Discussion Board n\u00b028 \u2013 27 May 2022"},"content":{"rendered":"<h2>OF<strong> Discussion Board n\u00b028 &#8211; 27 May 2022<br \/>\n<\/strong><\/h2>\n<h3 style=\"text-align: justify\"><strong data-wp-editing=\"1\"><a href=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/05\/28-fragmented_400.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5029 size-medium alignright\" src=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/05\/28-fragmented_400-300x208.png\" alt=\"\" width=\"300\" height=\"208\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/05\/28-fragmented_400-300x208.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/05\/28-fragmented_400-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/05\/28-fragmented_400.png 578w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Question asked : <\/strong><span style=\"color: #ff0000\"><strong>Is globalization over and what are the reasons? And what next?<\/strong><\/span><\/h3>\n<ul>\n<li><a href=\"#Editorial\">Editorial<\/a><\/li>\n<li><a href=\"#All-contribution\">All Contributions<\/a><span id=\"Link-contributions\"><\/span><span id=\"Link-contributions\"><\/span><\/li>\n<\/ul>\n<p>Thanks for those of our contributors who ventured to react to the this question posed in this Discussion Board.<\/p>\n<h3 style=\"text-align: left;padding-left: 40px\"><span style=\"font-size: 16pt\"><strong>Globalization to the test of fragmentation<\/strong><\/span><\/h3>\n<p style=\"padding-left: 40px\"><span id=\"Editorial\">by Virgile Perret &amp; Paul H. Dembinski<\/span><\/p>\n<table style=\"width: 100%;border-style: solid;border-color: #ffffff\">\n<tbody>\n<tr>\n<td style=\"width: 74%;border-style: solid;border-color: #ffffff\">\n<p style=\"text-align: justify\"><strong>The war in Ukraine has revived a debate about \u201cthe end of globalization\u201d. While in the recent past, globalization has survived major disruptions (global financial crisis, populism, climate change, pandemic), this time might be different as Russia is being cut off from the global economy.<br \/>\n<\/strong>In a letter to shareholders, BlackRock CEO Larry Fink warned that Russia\u2019s invasion of Ukraine could put \u201can end to the globalization we have experienced over the last three decades\u201d (Christine Schliesser). Fink is far from alone: a growing number of business executives and commentators believe that the war in Ukraine and the sanctions against Russia may accelerate the shift towards more self-sufficiency and\/or more regionalism.<br \/>\nOn the contrary, Valerio Bruno argues that \u201cdespite years of pandemics and the re-emergence of old and new blocs, globalization shows great resilience.\u201d He explains, \u201cit is clear from the recent conflict arising from the Russian invasion of Ukraine that while a country like Russia can opt for autarchy by virtue of its limited economy based on the export of raw materials, China has well understood that it is inconceivable for its economy to move away from the current dynamics of globalization.\u201d Therefore, \u201cit would be far too early to decree the end of globalization.\u201d<br \/>\nGlobalization may not be over. Nonetheless, the ninth largest economy in the world \u2013 Russia &#8211; is being cut off from the world economy (or at least form the West) and the trajectory of globalisation may be deeply affected. From now on, governments and firms will have to integrate geopolitics in their decision-making and the world economy will become increasingly split in at least two parts. In other words, \u201cthe currently foreseeable conjunction between Russia, China, India and some Middle Eastern countries and Africa suggests a possible regionalization (into two or three zones) of current globalization\u201d (Etienne Perrot).<br \/>\nThere is a risk geopolitical tensions and the push for the so-called \u201cfriend-shoring\u201d (Domingo Sugranyes) will lead to further fragmentation. This would further weaken global governance mechanisms and create greater uncertainty. We may not \u201chave enough time or resources to fully understand the interconnection between global events as we only hear the &lsquo;bang&rsquo; of the new crisis and stay alert for the next one\u201d (Christos Tsironis). However, in the presence of unprecedented challenges facing the world, now is the time to strengthen the institutional framework needed to govern globalization and preserve the achievements of the last 40 years.<\/p>\n<\/td>\n<td style=\"width: 21.2465%;text-align: center;vertical-align: middle;border-style: solid;border-color: #ffffff\"><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Perret\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1912 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-1024x1024.png 1024w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-1536x1536.png 1536w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perret.png 1592w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Dembinski\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1903 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/PHD-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/PHD-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/PHD-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/PHD-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/PHD.png 552w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.obsfin.ch\/DiscussionBoard28.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-2483 size-full\" src=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/08\/Image-PDF.jpg\" alt=\"\" width=\"124\" height=\"90\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/08\/Image-PDF.jpg 124w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/08\/Image-PDF-1x1.jpg 1w\" sizes=\"auto, (max-width: 124px) 100vw, 124px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table id=\"All-contribution\" style=\"width: 100%;border-style: solid;border-color: #ffffff\">\n<tbody>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 a possible regionalization of current globalization \u2026 \u201d<\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #ff0000\"><span style=\"color: #000000\">The growth of international trade slowed down long before Russia invaded Ukraine. Even longer, WTO negotiations have been stalling; as the focus of discussions is not on tariffs and taxes but on quality, ecological and sustainability criteria. <span style=\"color: #ff0000\"><strong>As long as China does not have a sufficient domestic market to support its economic growth, the main driver of international economic relations will be continued globalization. In the longer term, the currently foreseeable conjunction between Russia, China, India and some Middle Eastern countries and Africa suggests a possible regionalization (into two or three zones) of current globalization<\/strong><\/span>.<\/span><\/span><\/p>\n<p style=\"text-align: right\"><strong>Etienne Perrot<br \/>\n<\/strong><span style=\"font-size: 10pt\"><em>Jesuit, Dr. Economics sciences, editorial board of the magazine Choisir (Geneva), editorial adviser of the journal \u00c9tudes (Paris)<\/em><\/span><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><strong><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Perrot\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1980 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-1024x1024.png 1024w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-1536x1536.png 1536w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-2048x2048.png 2048w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Perrot-1x1.png 1w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid;text-align: justify\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 globalization can be renewed \u2026 \u201d<\/strong><\/p>\n<p>War after a pandemic and a great recession\u2026 Emergency and disruption are served. Combat in Ukraine, sanctions against Russia, opposing military alliances, increasing tension between the US and China: opposed blocks are back, \u201cfriendshoring\u201d of supply chains is on many business agenda, lack of Russian\/Ukrainian grain and fertilizers threatens disturbance and hunger in other countries. <strong><span style=\"color: #ff0000\">Through globalization, problems circulate worldwide as well as solutions, interdependence is a fact.<\/span><\/strong> Europe should remain true to democratic and free-trade principles, and actively promote new relationships. <strong><span style=\"color: #ff0000\">Protectionist or aggressive trade policies would prove extremely costly. Globalization can be renewed. There are opportunities to promote cooperation, investment, technology transfer and trade with relatively \u201cnonaligned\u201d actors, especially in Africa and Latin America.<\/span><\/strong><\/p>\n<p style=\"text-align: right\"><strong>Domingo Sugranyes<br \/>\n<\/strong><span style=\"font-size: 10pt\"><em>Director of a seminar on ethics and technology at Pablo VI Foundation, past Executive Vice-Chairman of MAPFRE international insurance group<\/em><\/span><strong><br \/>\n<\/strong><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Sugranyes\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1605 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-1024x1024.png 1024w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Sugranyes.png 1296w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 globalization is not over, but we need to radically rethink it \u2026 \u201d<\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #ff0000\"><strong>Russia\u2019s invasion of Ukraine put an end to the globalization as we have known it in the past 30 years, <\/strong><span style=\"color: #000000\">says Larry Fink, BlackRock CEO. Add the fall of Kabul and the Afghanistan disaster, not to mention the pandemic. <\/span><strong>The wind of change is blowing harshly as it signals to the West that it cannot force its values onto the rest of the world. <\/strong><span style=\"color: #000000\">Especially not, when big words such as liberty and human rights have become the shabby disguise of self-interest. Humility and self-criticism have not been our core competencies so far. <\/span><strong>Globalization is not over, but we need to radically rethink it.<\/strong><\/span><\/p>\n<p style=\"text-align: right\"><strong>Christine Schliesser<\/strong><br \/>\n<span style=\"font-size: 10pt\"><em>Senior Lecturer at Zurich University in Systematic Theology and Ethics and Director of studies at Fribourg University\u2019s Center for Faith and Society<\/em><\/span><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><a href=\"https:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Schliesser\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4925 size-thumbnail\" src=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-1024x1024.png 1024w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-1536x1536.png 1536w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2022\/03\/Schliesser.png 1552w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 the issues raised in the context of globalization are as old as civilizations themselves \u2026 \u201d<\/strong><\/p>\n<p style=\"text-align: justify\">Globalization is a protean concept. It is embodied in on-the-ground processes (trade, finance, etc.) and in the institutions, laws and regulations. Underlying these are conceptual frameworks covering their rationale, their means, and the actions and inaction of human participants. Commentators sometimes classify the effects of globalization under the headings of sovereignty, autonomy and interdependence. Sovereignty and autonomy overlap. Sovereignty concerns the relationship of states to their own citizens and to external parties. Autonomy concerns the ability to make and execute independent decisions. Autonomy should serve to accommodate differences in national cultures within frameworks which also facilitate multilateral cooperation. Sovereignty and autonomy are difficult concepts in the design of a global governance that enables resolution of tensions and conflicts. <strong><span style=\"color: #ff0000\">The issues raised in the context of globalization are as old as civilizations themselves and will not disappear with enhanced consciousness of the shortcomings of the current version<\/span><\/strong><\/p>\n<p style=\"text-align: right\"><strong>Andrew Cornford<br \/>\n<\/strong><span style=\"font-size: 10pt\"><em>Counsellor, Observatoire de la Finance; past staff member of UNCTAD, with special responsibility for financial regulation and international trade in financial services<\/em><\/span><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Cornford\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1916 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Corrnford-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Corrnford-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Corrnford-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Corrnford-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Corrnford.png 412w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 one paradigm ends and another one succeeds \u2026 \u201d<\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000\"><strong><span style=\"color: #ff0000\">Globalisation is not over if we have in mind a chain where one paradigm ends and another one succeeds.<\/span> <\/strong>The rapid and constant change seems to be the character of a supersonic Globalization: within just a few years, the debt crisis shacked normative illusions in the economy. Afterwards, Covid-19 pandemic transformed not only economic functions but also the ways we understand the global-local interconnection. Just before the pandemic ended, the war in Ukraine refuelled long sleeping fears of a world nuclear war. <strong><span style=\"color: #ff0000\">One can observe many global events and concentric circles that succeed each other at high speed. We don\u2019t have enough time or resources to fully understand their interconnection as we only hear the &lsquo;bang&rsquo; of the new crisis and stay alert for the next one. The functional inter-dependency between economies, societies, sciences, and wars will further deepen and affect humanity.<\/span><\/strong><\/span><\/p>\n<p style=\"text-align: right\"><span style=\"font-size: 10pt\"><strong><span style=\"font-size: 12pt\">Christos Tsironis<\/span><\/strong><\/span><em><span style=\"font-size: 10pt\"><strong><br \/>\n<\/strong>Assoc. Prof. of Social Theory at the Aristotle University of Thessaloniki<\/span><\/em><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><strong><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Tsironis\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1785 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Tsironis.png 939w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 77.6204%;border-color: #ffffff;border-style: solid\"><strong>\u00ab\u00a0<\/strong><strong>\u2026 globalization shows great resilience \u2026\u201d<\/strong><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"color: #ff0000\">It would be far too early to decree the end of globalization. Even<\/span> <\/strong>if we were to conceive it, strictly speaking, merely from a political-economic perspective, a possible moment of minor acceleration in the process and dynamics of globalization would not mean its end. On the contrary, <strong><span style=\"color: #ff0000\">despite years of pandemics and the re-emergence of old and new blocs, globalization shows great resilience. In fact, it is clear from the recent conflict arising from the Russian invasion of Ukraine that while a country like Russia can opt for autarchy by virtue of its limited economy based on the export of raw materials, China has well understood that it is inconceivable for its economy to move away from the current dynamics of globalization, let alone replace them with new ones.<\/span> <\/strong><\/p>\n<p style=\"text-align: right\"><strong>Valerio Bruno<br \/>\n<\/strong><em><span style=\"font-size: 10pt\">Researcher in politics and Senior Research Fellow at the Centre for Analysis of the Radical Right (CARR)<\/span><\/em><\/p>\n<\/td>\n<td style=\"width: 22.1908%;text-align: center;vertical-align: middle;border-color: #ffffff;border-style: solid\"><a href=\"http:\/\/www.obsfin.ch\/from-virus-to-vitamin\/contributors\/#Bruno\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1965 size-thumbnail\" src=\"http:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-150x150.png 150w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-300x300.png 300w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-1024x1024.png 1024w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-768x768.png 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-1536x1536.png 1536w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio-1x1.png 1w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2020\/04\/Valerio.png 1588w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>OF Discussion Board n\u00b028 &#8211; 27 May 2022 Question asked : Is globalization over and what are the reasons? And [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":628,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-5032","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/5032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/comments?post=5032"}],"version-history":[{"count":2,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/5032\/revisions"}],"predecessor-version":[{"id":5051,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/5032\/revisions\/5051"}],"wp:attachment":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/media?parent=5032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}