A Global Retreat as Economies Dry Up

The countries and ports that benefited most from a rapid rise in global trade now feel the most pain from an economic slowdown. In an article for the Washington Post, Anthony Faiola emphasizes the speed of the economic reversal: Freighters and containers of unwanted goods wait in ports, and workers, including educated financiers and poor immigrants, return to home countries to rethink future plans. Moves by some countries to launch protectionist legislation on trade, investment and labor will only add to the disruptive forces, compounding losses and poverty. – YaleGlobal