The 5 Key Trends in Globalization That Are Changing the US and the World

Events in one country or one industry can have repercussions that spread throughout the world. Edward Goldberg, a professor who teaches about globalization, identifies five trends for the Huffington Post: China’s economy is slowing, and the government will likely adjust, eliminating inefficient state-owned companies and accepting citizens’ need to adapt to rising unemployment through entrepreneurship. Short-term fixes no longer work in combatting the interrelated challenges of climate change, immigration forced by politics and terrorism – and the global community must coordinate around new regulations and enforcement. The BRICS community – Brazil, Russia, India, China and South Africa – failed to coalesce as a major economic force. Countries that have resisted global connections, like Russia, have little to lose and won’t mind disrupting the global order or its norms. Oil prices remain low as much of the world turns its attention to developing alternative energies and stemming climate change. Reduced revenues and reduced value of massive oil reserves in the Middle East, Russia and South America will reduce power for some regimes. – YaleGlobal