In The News

Brookings: The World Cup and Limits of Globalization

Dhruva Jaishankar July 15, 2018
The World Cup and the soccer industry are symbols of globalization, with mass participation and players playing for clubs in countries other than their own. While some differences are swept aside, like Mohamed Salah being England’s player of the year despite Europe wrestling with Islamophobia, other incidents display nationalism and ethnic tensions, including fights and casual racism. Spain...

Times of India: Globalization’s Revenge

Nayan Chanda July 3, 2018
Global leaders are uncertain about their relationship with the United States. Policies, whether promoting America first in trade or separating children from parents seeking asylum, have long-term consequences for other countries. Questions emerge about the meeting between the US president and North Korea’s leader, followed by Donald Trump’s assurances that the nuclear weapons problem had been...

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...

Brookings: Africa’s 3 Deadly Deficits

Indermit Singh Gill and Kenan Karakulah June 21, 2018
Despite sub-Saharan Africa’s rapid population growth, the region’s income growth matches the global pace and was even negative in 2016. The Sustainable Development Goals pioneered by the United Nations in 2015 seem out of reach for the region as income inequality widens. Three factors for the region’s slow economic growth are low quality education, limited access to electricity and weak domestic...

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...

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...