Novus Modus Operandi

Below Robert Peston outlines how the economic crisis is affecting the flow of capital cross borders and leading to a reduction of the pace of globalisation.

"Banks all over the world are repatriating the focus of their operations. They are concentrating their resources on their domestic markets, because of the intense political and popular pressure they face to support their home economies.

What we're seeing is reversal of the financial globalisation that was such a feature of the past 20 plus years."