Anti-globalisation is counter productive-Stanchart boss

Despite the benefits and opportunities that international trade has provided not just to Africa, but throughout the world, the arrival of the global economic crisis has precipitated a growing movement toward protectionism and nationalism and Globalisation has been shouldered with some of the blame for the economic crisis.

Speaking at a dinner to celebrate the Chinese new year in Gaborone, Standard Chartered bank Botswana CEO, David Cutting said that despite the world having gone through a difficult economic period, this is not the time to apply protectionism measures that could turn out to be harmful. "Rallying against Globalisation is completely counter-productive and I believe that we all have a key role to play in advocating with our stakeholders the immense benefits that globalisation has brought to ourselves, our businesses and our communities.