In The News

World Bank Admits Some Have Lost Out From Free Trade

Kamal Ahmed October 12, 2016
The benefits of globalization and trade are not spread evenly, suggests a World Bank internal document reported on by BBC News. “Jim Kim, the head of the World Bank, told the BBC that he understood why people were angry in advanced economies despite the fact that free trade was one of the ‘most powerful’ drivers of growth and prosperity,” reports Kamal Ahmed for BBC. “Kim said that 20% of jobs...

Global Economic Growth “Sliding Back into the Morass”

Chris Giles October 4, 2016
A report from the Brookings Institution and the Financial Times indicates that global economic growth rates are slowing. The report was published before the meetings of the International Monetary Fund and the World Bank, where global economic leaders plan to stress the value of inclusion and global cooperation and other main tenets of globalization. The Brookings-FT Tiger index compares numerous...

The Growing Gap Between Town and Country

Ronald Brownstein September 26, 2016
The industrialized world is experiencing a growing divide between “diverse global cities” and the rural “places that feel left behind,” according to Ronald Brownstein of the Atlantic. Sadiq Khan, mayor of London and the first Muslim mayor of a major Western city, pointed this out during a visit to Chicago. Alongside Chicago Mayor Rahm Emanuel, Khan celebrated immigrants and increased opportunity...

Globalization Goes National

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...

The World Comes to a Tiny Town: Eastport’s Lesson in Globalization

James Fallows September 12, 2016
Eastport, Maine – an aging town once known for its canned sardines – is a small-scale example of the globalization uniting all corners of the world. Eastport with its deepwater port reshapes its economy to remain relevant, but still confronts challenges that a generation ago may have mattered little to its residents. Three examples highlight Eastport’s global connections: EU regulations on...

G20 Must Address the Anti-Globalization Undercurrent to Stay Relevant

Peter Drysdale September 2, 2016
Immigration, trade and many other aspects of globalization are interwoven into daily routines, taken for granted, and some opponents contend that communities and entire countries can easily sever the connections. G20 leaders, meeting in Hangzhou, China, must address global stagnation and populism that feed resentment and disrupt cooperation, increasing inequality and the power of despots....

The End of Globalization? International Security Implications

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...