What People Think of Globalization, by Country
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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?
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?”
|Country||Force for good||Force for bad||Don't know|
Note: get the data for all questions directly from YouGov here.
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.
40 Stock Market Terms That Every Beginner Should Know
Getting a grasp on the market can be a daunting task for new investors, but this infographic is an easy first step to help in understanding stock market terms.
40 Stock Market Terms That Every Beginner Should Know
Understanding the stock market can be a daunting task for any new investor.
Not only are there many concepts and technical terms to decipher, but nearly everybody will try to give you conflicting pieces of advice.
For example, if a stock in your portfolio falls in price, should you be accumulating additional shares at a lower price or should you be strategically cutting your losses?
Some experts will tell you one thing, while others will tell you precisely the opposite.
A Place to Start: Terminology
Before you drift into the many debates that the investing pundits are weighing in on, perhaps the most proactive step for a beginner is to simply learn to talk the same language as the pros.
Today’s infographic comes to us from StocksToTrade.com, and it covers the most important stock market terms that every new investor should know and understand. It’s enough to get any beginner on the same playing field, so they can start toying with the more nuanced or complex concepts in the investing universe.
While we don’t agree with the exact definitions of all of the terms, the list is adequate enough to get any new investor off the ground. It covers basic order terms like “bid”, “ask”, and “volume”, but it also goes into concepts like “authorized shares”, “secondary offerings”, “yield”, and a security’s “moving average”.
Already got a handle on 40 of the most important stock market terms?
Visual Capitalist has a ton of other powerful visual resources for new investors, or anyone else hungry to learn about how markets work:
- Learn how to read stock charts
- Visualize the power of compound interest
- See this simple introduction to investing we published
- See how elite growth investors pick stocks
- Learn about the basics of ETFs and mutual funds, and even the differences between them
- Learn about the basics of creating a stock portfolio
- See how stock market indices work
- Understand 12 types of technical indicators for investing
- See how Warren Buffett’s brain works
Crush the above resources, and you’ll be market savvy in no time!
A Brief History of Jewelry Through the Ages
Jewelry has been coveted for centuries by many different cultures. Here’s a look at the history of jewelry, and how it’s evolved into a $348B industry.
Jewelry has been an integral aspect of human civilization for centuries, but it was the discovery and subsequent spread of precious metals and gemstones which really changed the game.
In today’s infographic from Menē, we visualize how the uses and symbolism of jewelry have evolved across time and space to become the industry we’re familiar with today.
Antique, Yet Ageless
There isn’t a single corner of the world that’s untouched by the influence of jewelry.
- Ancient Egypt
Gold accompanied the affluent into the afterlife – the famous 1922 discovery of King Tutankhamun’s tomb was filled to the brim with gold jewelry.
- Ancient Greece and Rome
Jewelry was used practically, and as a protection against evil. The gold olive wreath design was highly popular during this time.
Both men and women in the Sumer civilization wore intricate pieces of jewelry, incorporating bright gems like agate, jasper, or lapis lazuli.
The aristocracy in Aztec culture wore gold jewelry with gemstones to demonstrate their rank. The jewelry also doubled up as godly sacrifices.
- Ancient India
The Mughal Empire introduced the combination of gemstones with gold and silver. Today, pure gold jewelry is often gifted to new brides for financial security.
- Ancient China
Both rich and poor wore jade jewelry for its durable and protective properties. Pure gold jewelry is making a fashion comeback, doubling as a form of investment.
Modern Jewelry: At a Crossroads
Today, jewelry is at once the very same and vastly different from what it used to be.
The industry is worth upwards of $348 billion per year, and it’s not hard to see why. As an alternative asset, jewelry has grown 138% in value over the last decade – only outperformed by classic cars, rare coins, and fine wine.
However, perceptions of jewelry vastly differ. It’s not a stretch to say that Western jewelry buyers are enamored with diamonds, given their enduring association with special occasions – but it’s interesting to note how that ideal was fabricated.
The Invention of Diamonds
The De Beers Group is well known for making diamonds great again. In the early 1900s, the company had already monopolized the diamond trade and stabilized the market, but they faced the challenge of marketing diamonds to consumers at all income levels.
The average American considered diamonds an extravagance, preferring to spend money on cars and appliances instead. The concept of engagement rings existed, but weren’t widely adopted. The #1 slogan of the century – “A Diamond is Forever” – transformed all that.
Even as more companies like Tiffany and Co and Cartier entered the playing field, De Beers had set a successful industry standard. But there’s a catch – diamonds are actually:
- Not all that rare in nature
- Intrinsically low in value
- Easily replicated in a lab
- Decreasing in sales
Despite these caveats, the popularity of diamonds illustrate how Western consumers do not approach jewelry in the same way as Eastern economies, where its function as a store of wealth persists.
The Eastern Gold Standard
In Eastern economies, jewelry often takes the form of pure gold. The reasons behind this difference are surprisingly pragmatic: gold is considered a secure and innate store of wealth that maintains its purchasing value over decades, allowing families to pass wealth from generation to generation.
The rich history of the precious metal has made it a sought-after commodity for centuries, and China and India drive more than half of global gold jewelry demand every year:
|Year||Share of Demand (India + China)||Total Global Jewelry Demand (tonnes)|
Source: Gold Hub – Values have been rounded up to the nearest tonne.
Why are Eastern cultures so attracted to the properties of pure gold?
Part 2 of this series will show why gold is the world’s most incredible metal, and why it’s coveted by billions of people.
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