According to Professor Keita Shibayama, a New Financial Crisis Looms

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Since the 1980s, leading nations have relied on the twin pillars of the promotion of globalization and fiscal consolidation.  However, the coronavirus crisis is bringing about a major change of direction. 

Below Keita Shibayama, a professor at Kyoto University (Japan) and a polemicist who has always spoken out about globalism talks about a post-COVID-19 world.

Quick snippet here:

In the economic crisis now unfolding, it will be difficult to find any escape routes overseas. The impact of the pandemic will go on for quite a while. Greater international friction will further impede trade, cross-border investment, and the movement of people. As uncertainty levels not seen in the past prevail, corporations, investors, and even governments will be pressed hard to rethink their existing approaches.

Authored for Nippon.com, Shibayama goes on to say that a new financial crisis looms.

How Small Italian Firms Married Style to Globalism

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I love this article that was published in the Wall Street Journal on Monday because it's about how a small wedding-dress maker Giovanna Sbiroli SRL built its brand and customer base by serving the Italian market and then realized that if they did not go global -- aggressively and soon -- they risked having to shut their doors. But they didn't. Here's why.

There is a Global Small Business 101 lesson for all of us in this.

Special thanks to Rosamaria Mancini who wrote the quality piece for the WSJ.