The End of Globalization?

Doubts expressed out loud can spur major movements. Such doubts about globalization are emerging in the US presidential campaign, as candidates question whether free trade is a source of the nation’s wealth or economic woes. Since World War II, US presidents supported a philosophy of free trade for spreading wealth and other benefits. “America's enormous trade deficit – and that in a country that once exported more goods than any other – has left its mark on the American psyche,” writes Gabor Steingart for Spiegel Online. “The coalition of doubters has become a majority in America.” Leaders must determine the source of problems before enacting any drastic change like protectionism. Targeted policymaking could offer more solutions than abrupt withdrawal from the global community. – YaleGlobal