In The News

Kenneth Rapoza May 17, 2018
Investors worldwide are assessing the forces of globalization including trade and immigration versus nationalism, protectionism and populism. Inequality, declining worldwide, is rising in the United States, and “investors that benefit from globalization are leaving the middle and working class in the dust,” notes Kenneth Rapoza for Forbes. Those left behind clamor for limits on international...
Koichi Hamada May 2, 2018
Open economies with active trade, immigration and foreign investment have historically enjoyed prosperity, and “globalization does not deserve voters’ ire,” argues Koichi Hamada for Project Syndicate. Competition does harm some communities and individuals, but governments can target policies that encourage economic security, job training and adaptation. “Yet such countervailing policies are...
Arvind Subramanian April 26, 2018
Some forms of globalization tend to be appreciated more than others, and economist Arvind Subramanian delves into why cross-border financial exchanges are more widely accepted than trade or migration despite having “regularly wreaked havoc on rich and poor economies alike over the last 40 years.” He concludes: “When it comes to real global integration, it is easy to identify perpetrators and...
Will Ford April 17, 2018
China’s fast-growing economy brings cultural changes and heightens tensions in Tibet. “As in many regions in China’s interior, the government was trying to kick-start development via tourism, promoting Tibetan culture, horse trekking, and hiking,” writes Will Ford for Harper’s. He describes Lhamo, a lopsided community with a main street that straddles two provinces, Gansu and Sichuan. The former...
Rana Dasgupta April 6, 2018
Nation states are losing influence, contends Rana Dasgupta for the Guardian, and the political systems are obsolete for confronting modern challenges that are either focused and local or global in nature. Systems based on borders struggle to deal with complex companies, technologies, immense wealth and social movements that no longer respect borders. “Exhaustion, hopelessness, the dwindling...
Neil Irwin March 28, 2018
US voters responded to promises of tariffs, jobs and protectionism during the 2016 presidential campaign and spurred a backlash to globalization: “It is coming after the major costs of globalization have already been borne,” explains Neil Irwin for the New York Times. “And it comes just as billions of people who have become integrated into the global economy over the last three decades are...
Zia Qureshi February 22, 2018
People even in the world’s most advanced and wealthiest economies are unhappy and politically fractured – this despite a full recovery from the 2008 financial crisis and growing economies. “The increasingly unequal sharing of the economic pie lies at the heart of the rising social discontent,” explains Zia Qureshi for Brookings. “Income and wealth inequalities have risen practically in all major...