Key tenets of globalization including trade and immigration were among catalysts that pushed the U.K. to exit the EU last week, leading many experts to wonder whether the policy is still welcome in today's world.
That debate took center stage at a World Economic Forum (WEF) panel in Tianjin on Tuesday.
"This [Brexit] is a key pullback to more trade openness, labor movements and globalization in general. So in a way, globalization is running out of steam," observed Mehmet Simsek, deputy Prime Minister of Turkey.
Politicians supporting the U.K.'s Leave camp pointed to the EU's immigration rules, particularly the influx of refugees, diminished job prospects and stagnant salaries—factors widely considered the result of porous borders—as reasons to leave the economic bloc. Thursday's vote was a clear reminder that the bulk of the U.K. public wasn't happy with these policies, which experts at WEF said effectively translated to dissatisfaction with globalization.