In The News

June 4, 2019
This decade has witnessed a strengthening of economic ties between a number of Middle Eastern countries and China. While previously the Middle East was seen primarily as a petrol station, explains the Economist, with nearly half of China’s oil supplied by Arab countries and Iran, there was little direct foreign investment. The Economist reports that since 2010, Chinese investment has skyrocketed...
Noah Smith May 22, 2019
Productivity growth is slowing down in the United States, part of a global trend, reports Noah Smith for Bloomberg. Comparing how much workers produce across countries is difficult because of variances in data reporting. Economists have long credited technological and organizational changes for rising productivity, but Smith suggests reduced globalization may also be a factor. “From 1993 to 2008...
April 24, 2019
China and India at times engage in a process of mythmaking and historical erasure in championing their thousands of years of history. A recent article for the Economist observes, “Nowhere more than in Asia do states and their rulers tend to think they represent not just, say, defined territories or peoples with a shared language, but rather whole civilizations, often cosmically ordained.” However...
Avi Salzman and Nicholas Jasinski March 18, 2019
The bout of protectionism and transactional approaches to trade will linger even after China and the United States reach a trade agreemen. “Globalization is being overwhelmed by populism, nationalism, and protectionism,” explain Avi Salzman and Nicholas Jasinski for Barron’s, adding that globalization has long moved in cycles and is “no longer the dominant force.” Trade growth has slowed,...
Tomoo Kikuchi and Masaya Sakuragawa February 8, 2019
Asia’s contributions continue to gain weight in the global economy. China and Japan are the world’s second and third largest economies, respectively. India, South Korea and ASEAN members also provide substantial contributions. All benefit from free trade, explain Tomoo Kikuchi and Masaya Sakuragawa, but trade and growth have slowed. “China and Japan should pursue greater cooperation on a number...
Moisés Naím January 28, 2019
Some political camps reject their opponents’ plans so much – even those supported by hefty majorities of citizens – that they refuse any cooperation, preferring shutdowns and chaos. Such is the case in the United States, Great Britain and numerous other democracies. The angry stubbornness associated with polarization is spreading worldwide, weakening most democracies. “Before, democratic...
Edward Goldberg December 30, 2018
Old forms of globalization linked to fear and nationalism – as “angry minority based coalitions determined the fate of the majority” – have reemerged over the past year, explains Edward Goldberg. He offers a list of the top globalization events for 2018 for Salon, and for each the world can repeat history or learn from past events to avoid trouble: After 40 years of opening to the global economy...