In The News

Richard Weitz November 24, 2016
Globalization and global institutions are in crisis, confronting varying levels of mistrust around the world. The Valdai Discussion Club, a group of Russian and foreign international affairs experts, assessed the global order. “Russians described Western-led neoliberal globalization as universally destructive economically, culturally, and politically and responsible for sparking a worldwide...
Barry Eichengreen November 23, 2016
World trade was slowing and protectionist tendencies were apparent years before the British vote to leave the European Union and Donald Trump’s winning the US presidential election. “It means that the benefits of openness and specialization are being squandered,” suggests Barry Eichengreen, a professor of economics, for Project Syndicate. “So far, slower trade growth has been the result of slower...
Pierpaolo Barbieri November 22, 2016
Brexit and Donald Trump’s presidency both rode to success on a wave of nationalistic fervor, based on the view that globalization on balance harms the UK and the US. Yet the histories of those countries demonstrate that economic protectionism can lead to political instability and worse, total war. In the 1930s, devaluation of British and American currencies, in the aim of making their own goods...
Chris Matthews November 18, 2016
Globalization infiltrates every part of business and life, and most citizens may not even notice some of the trends in which they participate. US President Barack Obama noted while in Germany while adding that governments could do more to explain the complexities and ease hardships. “Make America Great Again” and “America First” of the Trump campaign were easy slogans that appealed to voters,...
Matt Phillips November 16, 2016
The US president-elect plans to increase jobs by ending trade that does not benefit the United States. That assumes the US is self-sufficient and that other countries might go along. Instead, the other countries, especially China as the world’s largest market and soon to be largest economy, will retaliate while possibly continuing trade with one another. Meanwhile, US prices will soar and quality...
Bruce Stokes October 18, 2016
Globalization has won fans in India and China, where economic growth is projected to rise by 7.6 and 6.6 percent, respectively. “Indians and Chinese also express pride in their respective nation’s growing stature on the world stage,” explains Bruce Stokes, director of global economic attitudes at the Pew Research Center, in reporting on responses to the Pew 2016 Global Attitudes Survey. “In all,...
Jay Ogilvy October 14, 2016
Globalization’s fast pace is destabilizing, and the economic market is becoming more influential than the nation-state, writers have argued. Inequality is entrenched with economic and cultural divisions in education, income and employment. “Those ‘who can take advantage of the global economy’ are clearly benefiting from globalization and tend to cluster in the same clubs, colleges and communities...