The era of globalization saw the rationality of trade and its proliferation emphasized. Each participant could benefit from trading. The model was positive-sum. Such a framework facilitated peace between nations,…
In a recent speech, US Vice President JD Vance explained the failure of globalization in these terms: “The idea of globalization was that rich countries would move up the value…
Globalization is the framework that has long agreed to understand the world and its evolution.Since the fall of the Berlin Wall, there is the idea of a world that would gain in…
TEDx lecture by Richard Baldwin. Globalization will change dramatically in a foreseeable future. We will always trade goods but we will mainly trade services that we do not currently do.…
Today, tariffs on USD 34bn of Chinese imports in the US will increase and China will do the same on US imports in China. That’s a nonsense policy as it…
Fascinating interview of Branko Milanovic on income inequalities, within countries and between countries, and on globalization after the referendum on Brexit and the election of D.Trump. Worth reading. https://www.socialeurope.eu/2016/12/speaking-up-for-globalisation-and-against-inequality/
Suzanne Berger, a French professor at the MIT, reminds us that globalization can stop in a very brutal and rapid way and that it is not irreversible
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