In The News

CustomerThink: Globalization Impacts Small Businesses

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...

Smithsonian: Globalization Changed How We Fight Disease

Daniel Fernandez June 5, 2018
Globalization has contributed both to spreading diseases quickly via travel and faster transportation systems and providing early warnings that lead to swift prevention mechanisms and treatments: “the rise of civilization – namely, the development of agriculture, animal husbandry and domesticated life – led to the growth of catastrophic illnesses such as smallpox, tuberculosis and polio,” writes...

Project Syndicate: Macron’s Internationalism

Kemal Derviş June 1, 2018
In stark contrast to the views of the US president, French President Emmanuel Macron embraces a new global order and the growth of intergovernmental organizations. He still has strong faith in the Iran deal, and supports international trade is necessary for liberal-democratic politics. In the wake of Brexit, he pursues pan-European politics, maintaining a pro-globalization stance in the face of...

The Economist: Iran Braces for Economic War with America

May 24, 2018
Donald Trump’s May 8th pullout from the Iran nuclear deal – which had promised sanctions relief in exchange for reduction, conversion and inspections of its nuclear facilities – has disappointed and angered Iranian business leaders. Trump’s strategy shifted from containment to a full-on economic offensive. According to the Economist, the administration “has told firms worldwide that they have...

Forbes: Globalization vs Nationalism Forces Investor Rethink

Kenneth Rapoza May 17, 2018
Investors worldwide are assessing the forces of globalization including trade and immigration versus nationalism, protectionism and populism. Inequality, declining worldwide, is rising in the United States, and “investors that benefit from globalization are leaving the middle and working class in the dust,” notes Kenneth Rapoza for Forbes. Those left behind clamor for limits on international...

Project Syndicate: Why We Need Globalization

Koichi Hamada May 2, 2018
Open economies with active trade, immigration and foreign investment have historically enjoyed prosperity, and “globalization does not deserve voters’ ire,” argues Koichi Hamada for Project Syndicate. Competition does harm some communities and individuals, but governments can target policies that encourage economic security, job training and adaptation. “Yet such countervailing policies are...

Project Syndicate: The Globalization Backlash Paradox

Arvind Subramanian April 26, 2018
Some forms of globalization tend to be appreciated more than others, and economist Arvind Subramanian delves into why cross-border financial exchanges are more widely accepted than trade or migration despite having “regularly wreaked havoc on rich and poor economies alike over the last 40 years.” He concludes: “When it comes to real global integration, it is easy to identify perpetrators and...