7 Silver Linings Of Globalization

As people debate Brexit and the merits of globalization, Citi analysts highlight seven positives of globalization.

• "Life in poor countries has improved since 1990s, e.g. 1bn people escaped extreme poverty, average incomes doubled, infant death rates plummeted, chronic hunger cut almost in half, deaths from diseases declined dramatically."
• "The Iran deal removes threat of air strikes on Iran's nuclear facilities; previously a top geopolitical risk."
• "Cuba comes in from the cold...proof that surprises can happen and diplomacy can work"
• "The tentative budget deal reached by Congress and the White House would finance the government through to 30/09/2017"
• "US-China relationship — arguably the most important bi-lateral relationship in the world —is on a solid footing."
• "Progress on climate change (COP21, Paris) though a long way to go."
• "Japan-ROK diplomatic agreement, historic milestone in regional relations."