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What People Think of Globalization, by Country

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What People think of Globalization, by Country

What People Think of Globalization, by Country

View the high resolution version of today’s graphic by clicking here.

More than in the past, the population is divided on whether globalization is a force for good or not.

In the aftermath of events like Brexit and the Trump election, it’s clear that there’s a growing movement of people that are skeptical about wider integration into the global economy and foreign cultures. While this countervailing force has always existed, only recently has it become powerful enough to change the outcomes of key elections and referendums.

But how big is this contingent of the population, and how does it differ in size from country to country?

The Survey

Today’s infographic from Raconteur highlights survey data on the topic of globalization for 19 countries.

The survey, published by YouGov just under a year ago, covers international trade, foreign direct investment, and the impact of immigration. Here is the highest level data, which focuses on globalization in general.

Question: “Overall, do you think globalization is a force for good or bad for the world?”

CountryForce for goodForce for badDon't know
United Kingdom46%19%36%
France37%37%26%
Finland56%18%27%
Denmark68%15%17%
Norway49%23%27%
Sweden63%20%18%
Germany60%20%20%
Australia48%22%29%
Hong Kong63%21%16%
Indonesia72%13%15%
Malaysia73%10%17%
Philippines85%7%8%
Singapore71%12%17%
Thailand76%12%12%
Vietnam91%4%5%
United States40%27%33%
India83%7%10%
UAE69%13%18%
Saudi Arabia48%18%35%

Note: get the data for all questions directly from YouGov here.

Differing Perspectives

Interestingly, support for globalization ranges from 37% (France) all the way to 91% (Vietnam), representing a very diverse array of attitudes towards the topic.

Based on these 19 countries, at least, the places that feel the most positive about globalization tend to be emerging markets such as the Philippines (85%), India (83%), and Indonesia (72%). These are countries where the pie is getting bigger at a rapid rate, as economies expand from access to increased global capital and trade.

The countries that seem the most skeptical seem to be more developed economically. In the United States, only 40% of respondents saw globalization as a force for good, while 27% saw it as a force for bad and a large portion of the population wasn’t sure (33%). The U.K. and Australia have similar numbers, with the aforementioned France having the lowest portion of respondents saying globalization is a force for good.

Though it’s true that these developed countries are showing skepticism, it’s also clear that the Western world is very split on the topic. European countries like Germany (60%), Denmark (68%), Sweden (63%), and Finland (56%) all saw a majority of respondents in favor of globalization.

This split in opinion is hard to reconcile, and it’s likely part of the reason that so many investors remain focused on geopolitical risk in the current environment.

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Markets

Will Tesla Lose Its Spot in the Magnificent Seven?

We visualize the recent performance of the Magnificent Seven stocks, uncovering a clear divergence between the group’s top and bottom names.

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Will Tesla Lose Its Spot in the Magnificent Seven?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In this graphic, we visualize the year-to-date (YTD) performance of the “Magnificent Seven”, a leading group of U.S. tech stocks that gained prominence in 2023 as the replacement of FAANG stocks.

All figures are as of March 12, 2024, and are listed in the table below.

RankCompanyYTD Change (%)
1Nvidia90.8
2Meta44.3
3Amazon16.9
4Microsoft12
5Google0.2
6Apple-6.7
7Tesla-28.5

From these numbers, we can see a clear divergence in performance across the group.

Nvidia and Meta Lead

Nvidia is the main hero of this show, setting new all-time highs seemingly every week. The chipmaker is currently the world’s third most valuable company, with a valuation of around $2.2 trillion. This puts it very close to Apple, which is currently valued at $2.7 trillion.

The second best performer of the Magnificent Seven has been Meta, which recently re-entered the trillion dollar club after falling out of favor in 2022. The company saw a massive one-day gain of $197 billion on Feb 2, 2024.

Apple and Tesla in the Red

Tesla has lost over a quarter of its value YTD as EV hype continues to fizzle out. Other pure play EV stocks like Rivian and Lucid are also down significantly in 2024.

Meanwhile, Apple shares have struggled due to weakening demand for its products in China, as well as the company’s lack of progress in the artificial intelligence (AI) space.

Investors may have also been disappointed to hear that Apple’s electric car project, which started a decade ago, has been scrapped.

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