In The News

Tyler Cowen September 16, 2016
Global trade is slowing and a contributing factor could be that large and geographically fragmented nations focus on internal economic integration, as explained by Tyler Cowen for Bloomberg: “many nations lack integrated economic relations within their borders, and thus they could reap high gains from trade by opening up internally.” Improved communications via the internet strengthen internal...
Kemal Derviş August 22, 2016
Increasing interdependence among countries, combined with the ability for individuals or businesses to relocate to countries with few regulations has led to calls for more global governance. Disparate rules, such as when nations balk at reducing reliance on coal, have cross-border implications. Global challenges require global coordination, notes Kemal Derviş, vice president of the Brookings...
T.X. Hammes August 5, 2016
Globalization has delivered countless benefits for individuals and societies. “Today, a combination of technology, politics, and social pressures seems to be reversing globalization,” explains T.X. Hammes in an essay for War on the Rocks. “While the new technology will continue to create wealth, it will favor developed countries. The increasing regionalization of economies and differences in...
Phillip Lohaus July 29, 2016
Analysts have suggested that British voters’ decision to exit the European Union signals a pronounced dislike for globalization – open trade, immigration and global institutions that set new standards. Phillip Lohaus argues that the term “globalizaiton” is “employed so loosely that it has lost nearly all meaning” and that it’s a scapegoat for populist anger. Lohaus warns against employing extreme...
July 26, 2016
The world’s largest economies have prospered from globalization, yet G20 finance leaders must confront the growing opposition to trade and immigration among their citizens: “finance ministers and central bankers from the Group of 20 put a stepped-up emphasis on fiscal and structural policies to boost growth, and renewed a pledge to promote inclusiveness,” reports Bloomberg News. The article...
Robert J. Samuelson July 18, 2016
Globalization has become the scapegoat for inequality, poor jobs, reduced wages and other economic problems – real and perceived – during the US presidential election. “What’s lost in the obsession with globalization is the fact that the American economy is driven mainly by domestic factors,” writes Robert Samuelson in a column for the Washington Post, adding that about 75 percent of the US...
Michael Schuman July 15, 2016
Fear and distrust over free trade, immigration and other facets of globalization spill from the world’s most advanced economies as the emerging economies pay no mind. “Isolationism is being heralded as independence,” writes Michael Schuman for Bloomberg. “While there are pockets of resistance, much of the world is still forging tighter links between countries, companies, and communities. Rather...