In The News

The Bell of Globalization Cannot Be Un-Rung

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...

Globalization With Asian Characteristics

Chietigj Bajpaee July 22, 2016
As Britain elected to end membership with the European Union, the Asian Infrastructure Investment Bank held its first annual meeting – a juxtaposition that is “an indicator of the changing dynamics of globalization,” suggests policy analyst Chietigj Bajpaee for the Diplomat. Populist and protectionist stances, once regarded as extreme, are now mainstream in Europe and the United States. Western...

The Presidential Candidates Get Globalization All Wrong

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...

Brexit Won’t Stop Globalization

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...

The Impossibility of a “LatAmExit”

Patricio Navia July 8, 2016
“Tis better to have loved and lost than never to have loved at all," wrote British poet Alfred Lord Tennyson. Patricio Navia, writing for Buenos Aires Herald, applies that sentiment to Brexit: “The only thing worse than risking the possibility that a member chooses to leave a regional integration initiative with more successes than failures, is that there is no such union,” he writes. “Latin...

Don’t Write the Obit on Globalization

Nayan Chanda July 5, 2016
British voters decided to separate from the European Union, and many analysts afterward pronounced this to be indicative of globalization’s demise. “[G]lobal interdependence is far too advanced to be reversed without seriously harming the well-being of the entire nation,” writes Nayan Chanda, YaleGlobal's founding editor, in a column for the Times of India. “When Britain begins the divorce...

Globalization’s Angst and the “Brexit” Vote

Farok J. Contractor June 28, 2016
Many voters in the United Kingdom are having second thoughts about leaving the European Union, and not simply because of the plummeting value of currency or stock markets. The referendum’s outcome instantly transformed the UK’s reputation, from being open to trade and diversity to being isolated and insecure. “The message contained in the decision to leave the European Union resonates with a lot...