This is an archive article published on July 27, 2016
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Brexit: The return of boundaries

Nativist sentiments and a growing tendency towards looking inwards imperil globalisation.

7 min readJul 27, 2016 07:43 AM IST First published on: Jul 27, 2016 at 12:30 AM IST
globalisation, brexit, US, United States, America, United Kingdom, UK, EU referendum, Donald Trump , Europe, world news The Brexit vote shows how Britain was swayed by nativist sentiments but nativist sentiments are not limited to the UK. (Source: File)

The Brexit vote may not be the last nail in globalisation’s coffin, but it has ensured that the pallbearers have been set on high alert. Meanwhile, across the Atlantic, a despondent America considers a vision of the country modelled on a gilt-edged and inaccessible penthouse apartment on New York’s Fifth Avenue. After all, the promise comes from the owner of such a penthouse; Donald Trump intends to impose punitive tariffs, deny entry to Muslims and others deemed undesirable, while dismantling trade deals and security alliances. What is more, his rhetoric has struck a chord in America and beyond. Nativists sentiments, growing inequalities and a sense of insecurity about the disappearing middle-class dream is a dangerous mix when there are politicians who — to use my favourite example of madly mixed metaphors — are prepared to lead their countries off the edge of a precipice with their heads in the sand.

Is globalisation giving way to globa-tribalisation aided by opportunistic leaders? The nativist sentiments are not limited to the UK and the US. China is rattling sabres along its maritime borders. Russia has settled into its role as the world’s outcaste. Japan and Europe have become the world’s standstill societies, hostile to immigrants. Even emerging markets that once offered the world dynamism are slowing; recessions and horrendous governance across Brazil, Russia and South Africa and Turkey’s failed coup followed by repression have cooled the enthusiasm of global investors. The so-called “last frontier”, Africa, that only recently enjoyed a short-lived “Africa rising” moment, now struggles with drought, dropping demand for its commodities and multinationals headed for the exits: Nestlé is cutting 15 per cent of its workforce, while Barclays is out altogether.

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