Editorial: All together now

Author: | Published: 30 Oct 2013

There was a time when the heady combination of economic liberalisation and technology seemed fated to drive ever-increasing volumes of goods, capital and people across borders. Global cross-border capital flows, for example – including lending, foreign direct investment, and equity and bond purchases – rose from $0.5 trillion in 1980 to a peak of $11.8 trillion in 2007, according to the McKinsey Global Institute.

But then came the global financial crisis in 2008.

Regulatory efforts to reduce the threat of big bank collapses and the need for government bailouts in the years since have consistently...