In The News

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...

How to Cure the Globalization Backlash

Harold Sirkin December 23, 2016
Those who fear globalization are often dismissed as bigots, but anxiety over security and jobs is another factor, explains author and professor Harold Sirkin for Forbes. Many in the developed world have lost confidence. “Unfortunately, too many people in the industrialized West have too much idle time on their hands – and not by choice,” he explains and that compounds the anger and fear. “People...

Wanted: Equal Opportunity Globalization

Branko Milanovic November 29, 2016
Populist stances are resonating with dissatisfied voters in the wealthiest places including Europe and the United States. The West has posted low growth rates for its middle class over the past 25 years while the average income growth of a median household in Asia during the same period was about four times as high – Asia still has some catching up to do as income levels and gross domestic...

Russia Wants to Remake Globalization in Its Own Image

Richard Weitz November 24, 2016
Globalization and global institutions are in crisis, confronting varying levels of mistrust around the world. The Valdai Discussion Club, a group of Russian and foreign international affairs experts, assessed the global order. “Russians described Western-led neoliberal globalization as universally destructive economically, culturally, and politically and responsible for sparking a worldwide...

Globalization’s Last Gasp

Barry Eichengreen November 23, 2016
World trade was slowing and protectionist tendencies were apparent years before the British vote to leave the European Union and Donald Trump’s winning the US presidential election. “It means that the benefits of openness and specialization are being squandered,” suggests Barry Eichengreen, a professor of economics, for Project Syndicate. “So far, slower trade growth has been the result of slower...

The Losers of Deglobalization

Pierpaolo Barbieri November 22, 2016
Brexit and Donald Trump’s presidency both rode to success on a wave of nationalistic fervor, based on the view that globalization on balance harms the UK and the US. Yet the histories of those countries demonstrate that economic protectionism can lead to political instability and worse, total war. In the 1930s, devaluation of British and American currencies, in the aim of making their own goods...

Donald Trump and the Coming Test of International Order

Uri Friedman November 21, 2016
Foreign policy experts suggest that Trump may pose a test to the post-WWII international order, led by the United States and shaped by alliances, an open economy and support for liberal institutions. For seven decades, Republican and Democratic administrations argued in favor such an order and assumed that the consequences of collapse would be enormous. Uri Friedman interviews several experts for...