In The News

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...
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...