The markets that have been the most at the mercy of globalisation have been hit hard by the global slowdown, according to data released on Wednesday.
The world economy was a big part of the reason behind the slowdown, which has seen a drop in global growth to just over 3% a year, from over 6% a decade ago.
The biggest risk for the economy is that it will become unbalanced, the Bank of England said in its latest Economic and Fiscal Outlook (EFO) released on Tuesday.
The impact on the world economy will be greater if there is a disruption in the global supply chains, as that could lead to an increase in price volatility, the report said.
The EFO said the global economy is facing an unprecedented level of trade imbalances and is facing increased trade-related uncertainty.
The trade imbalance is likely to be much greater than previously thought, according the report.