At present we are going through a Protectionist phase globally, and the economic growth is slowing down as well. So commodity markets will be muted. But capital flows will continue. There is a surfeit of Capital all over, seeking out investment opportunities.

The economic integration (in terms of flows of commodities and factors) is a process that has been taken place since the end of World War II. The last four decades have acelerated this process. So, the dinamycs of this flows, will be affected? or the global interaction will be continue its course despite radical political stances.

The processes are assymentric: while the flow of commodities, service and capital is increasingly liberalized (with exceptions and contradictions though) the mobility of people is more and more reglemented. While countries remove barriers for goods they establish new ones for people. They also distinguish between 'good' and 'bad' migrants, treating the latter category at times worse than ciminals, putting them in detention centers where they at times are kept for years.

The protectionist phase that is mentioned above might still exists in cases, but the world has become less protectionist, maybe with exception of access to markets of deloped countries for agricultural products from deeloping countries, but even here things have changed much....