In The News

Nathan Gardels January 13, 2017
China is preparing to take a leading role on the world stage as the US president-elect dismisses worries about climate change and the benefits of globalization. The rhetoric about an “America first” policy suggests that the United States could reverse US stances on global trade and climate change. Europe is in disarray, too. Some world leaders are avoiding the World Economic Forum in Davos this...
Gary Pinkus, James Manyika and Sree Ramaswamy January 10, 2017
Global flows of trade and investment add economic value, and dismantling systems that rely on globalization would reduce prosperity. “While the impulse to erect trade barriers is understandable given the pain experienced by workers in a range of industries and communities in recent years, it is not the way to create lasting growth and shared prosperity,” notes a Harvard Business Review article. “...
Panos Mourdoukoutas January 4, 2017
Globalization has delivered many benefits to those living in the United States and elsewhere around the globe: Panos Mourdoukoutas offers a quick summary: “It has helped America win the war on communism. It has freed Americans from government regulations and militant unions. It has assigned America the role of the world’s best innovator. It has helped America sustain its lead as the world’s...
Harold Sirkin December 23, 2016
Those who fear globalization are often dismissed as bigots, but anxiety over security and jobs is another factor, explains author and professor Harold Sirkin for Forbes. Many in the developed world have lost confidence. “Unfortunately, too many people in the industrialized West have too much idle time on their hands – and not by choice,” he explains and that compounds the anger and fear. “People...
Stephen S. Roach December 1, 2016
Trade is the glue for globalization and without it other connections can subside. But US voters rejected a US leadership role in global trade deals and elected billionaire Donald Trump who has already signaled intent to have the United States to withdraw from the Trans-Pacific Partnership with 11 other nations. Analysts suggest that China could step into the US role, but “The baton of global...
Robinson Meyer November 30, 2016
If the United States unilaterally withdraws from the Paris climate agreement, the nation can expect immediate diplomatic consequences. Foreign policy experts warn that such a move could create an opening for China to take leadership on climate-related issues and perhaps even profit from development of alternative energies. Observers cannot anticipate the Trump administration’s foreign policy, but...
Branko Milanovic November 29, 2016
Populist stances are resonating with dissatisfied voters in the wealthiest places including Europe and the United States. The West has posted low growth rates for its middle class over the past 25 years while the average income growth of a median household in Asia during the same period was about four times as high – Asia still has some catching up to do as income levels and gross domestic...