KIEV: The globalisation paradigm of the 1990-2000s has largely exhausted itself as a transnational economic growth driver. China, one of the biggest winners in this global trade expansion, has been structurally changing to become a more mature economy, which results in a slowdown and imminent over-investment risks. The world economy has returned to sluggish growth, both in terms of GDP and international trade.
After a series of market crises in the late 2000s, many investors worldwide have resorted to risk- management strategies, preferring lower-yielding sovereign bonds to other assets. Twenty years ago, the world was full of big country-based investment ideas, but now such stories are a rarity. Ukraine is one such remaining investment idea. This might sound odd as for the past three years most news stories about Ukraine focused on the negative.
