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Top Stories of 2016: Nations push back at globalization causes surprises

World economies react to Brexit, U.S. election; oil, markets ride roller coasters

By PAN PYLAS, Associated Press
Published: January 1, 2017, 6:05am
6 Photos
Britain's Prime Minister David Cameron and his wife Samantha walk back into 10 Downing Street, London, on June 24 after he said he would be resigning in the wake of Britain's vote to leave the European Union after a bitterly divisive referendum campaign.
Britain's Prime Minister David Cameron and his wife Samantha walk back into 10 Downing Street, London, on June 24 after he said he would be resigning in the wake of Britain's vote to leave the European Union after a bitterly divisive referendum campaign. (Associated Press files) Photo Gallery

LONDON — Globalization, the path that the world economy has largely followed for decades, took some hefty blows in 2016.

The election of Donald Trump as U.S. president and Britain’s decision to leave the European Union have raised questions over the future of tariff-free trade and companies’ freedom to move production to lower-cost countries.

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