Globalization Means the World Also Shares Shocks


Source: barrons.com barrons.com

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Text size About the author: Edward Price is principal at Ergo, a global intelligence, consulting, and forecasting firm. A former British trade official, he also teaches at New York University’s Center for Global Affairs. Here’s a question. If globalization is declining, why do economies seem more entangled? Globalization does appear to be in retreat. Perhaps globalization is peaking, even reversing. Maybe, just maybe, it will fail. Here’s the evidence. Trade is slowing sharply, according to the World Trade Organization. The U.S. president is leading an effort to produce more goods on U.S. shores, so as to import fewer from abroad....