In The News

Politicians, activists and even some business executives in the West blame globalization for a lot of problems. But the US has benefited from foreign trade. “Contrary to popular opinion, the trade balance (deficit or surplus) barely affects total U.S. employment over long periods,” writes Robert Samuelson for the Washington Post. Some types of foreign competition do hurt some individual workers...

African countries, writes South African consultant Dianna Games, cannot afford to let globalization be foisted upon them. Instead, governments on the continent must actively engage in global trade and politics, so that “the benefits of the global order” will no longer elude Africans. Governments must move beyond international links built primarily to exploit Africa’s natural resources. That...

Corrupt states thrive on producing goods and services that are illegal but increasingly profitable in the global world. Due to low costs of transportation, more illegal goods enter middle-class markets. Once criminal groups start controlling an economy, they throw their support behind corrupt politicians in government, complicating the work of local activists or international organizations that...