In The News

US House Republicans Defend Border Adjustment Tax

January 26, 2017
The US House of Representatives are considering a border tax, part of a plan to reform tax treatment of imports and exports – and prevent US firms from relocating headquarters overseas to evade taxes. The plan would replace revenues lost by another proposal to reduce the corporate tax rate to 20 percent. The legislators disagree with the president over details. Donald Trump prefers slashing the...

Fake Messiah: As Trump Withdraws From Globalization Stakes, Xi Steps In - But to What Avail?

Nayan Chanda January 18, 2017
President Xi Jinping is praising globalization and suggesting that China is ready to assume leadership of a globalized world – even as the United States signals its withdrawal on some fronts and rejects global commitments like the Paris agreement on climate change. During his keynote address at the World Economic Forum, Xi pointed out that China once resisted globalization and opening its economy...

China Is the De Facto Leader of Globalization

Nathan Gardels January 13, 2017
China is preparing to take a leading role on the world stage as the US president-elect dismisses worries about climate change and the benefits of globalization. The rhetoric about an “America first” policy suggests that the United States could reverse US stances on global trade and climate change. Europe is in disarray, too. Some world leaders are avoiding the World Economic Forum in Davos this...

China Groups Take Out Insurance Against Blocking of Foreign Deals

Henry Sender January 12, 2017
Insurance policies cover risk, and Chinese companies anticipate more protectionism in the United States and Europe and an increasingly uncertain market for foreign investment. Chinese analysts also expect delays and increased fees associated with regulatory reviews. New policies are designed to protect against blocked takeovers in other nations: “several insurance groups, led by Aon, are...

We Can’t Undo Globalization, But Can Improve It

Gary Pinkus, James Manyika and Sree Ramaswamy January 10, 2017
Global flows of trade and investment add economic value, and dismantling systems that rely on globalization would reduce prosperity. “While the impulse to erect trade barriers is understandable given the pain experienced by workers in a range of industries and communities in recent years, it is not the way to create lasting growth and shared prosperity,” notes a Harvard Business Review article. “...

Alaska Airport Is a Big Link for the Global Supply Chain

Will Swagel January 5, 2017
Alaska is sparsely populated with about 750,000 people. Still, the state’s largest city has emerged as a vital link along the global supply chain, and the Ted Stevens Anchorage International Airport takes full advantage of being within 10 hours by air to 90 percent of the industrialized world. The subarctic airport ranks fourth in the world for cargo and is a “natural place for refueling,”...

Globalization Has Done a Lot of Great Things for Americans

Panos Mourdoukoutas January 4, 2017
Globalization has delivered many benefits to those living in the United States and elsewhere around the globe: Panos Mourdoukoutas offers a quick summary: “It has helped America win the war on communism. It has freed Americans from government regulations and militant unions. It has assigned America the role of the world’s best innovator. It has helped America sustain its lead as the world’s...