In The News

Daniel Alonso November 14, 2018
Globalization does not proceed in an orderly way. Instead, the pattern for globalization with trade and wars is often two steps forward, one step back. Daniel Alonso, writing for International Policy Digest, compares globalization of the late 19th century with modern forms in place since 1980. Trade and commerce developed during the 19th century, enriching many before coming to an abrupt halt...
Seán McLoughlin August 22, 2018
Islam requires adherents to travel at last once for the annual Hajj to Mecca in Saudi Arabia. Modern transportation made the journey more feasible, and the number of pilgrims increased from 100,000 in the 1950s to more than 3 million in recent years. Saudi Arabia has imposed restrictions in recent years: Muslim-majority nations are subjected to a Hajj quota of 1,000 pilgrims per million of...
Victor Agbafe July 25, 2018
Large numbers of voters in developed economies blame globalization for the loss of jobs and reduced wages. Yet automation is increasingly more responsible for job losses while globalization still provides benefits and many companies rely on global markets for growth. “In many cases, globalization has increased the choices of goods and services available to consumers while also lowering their...
Dhruva Jaishankar July 15, 2018
The World Cup and the soccer industry are symbols of globalization, with mass participation and players playing for clubs in countries other than their own. While some differences are swept aside, like Mohamed Salah being England’s player of the year despite Europe wrestling with Islamophobia, other incidents display nationalism and ethnic tensions, including fights and casual racism. Spain...
Nayan Chanda July 3, 2018
Global leaders are uncertain about their relationship with the United States. Policies, whether promoting America first in trade or separating children from parents seeking asylum, have long-term consequences for other countries. Questions emerge about the meeting between the US president and North Korea’s leader, followed by Donald Trump’s assurances that the nuclear weapons problem had been...
Philip Piletic July 2, 2018
Small businesses can no longer expect to be strictly local in production, supply or markets. Globalization – the endless connections through people, products and ideas – is an ongoing process that imposes a variety of effects on businesses. For the average small business owner, these are mixed compared to the profits multinational corporations extract from the global economy. Downsides consist of...
Indermit Singh Gill and Kenan Karakulah June 21, 2018
Despite sub-Saharan Africa’s rapid population growth, the region’s income growth matches the global pace and was even negative in 2016. The Sustainable Development Goals pioneered by the United Nations in 2015 seem out of reach for the region as income inequality widens. Three factors for the region’s slow economic growth are low quality education, limited access to electricity and weak domestic...