-
Deglobalization Is Political, Not Economic
The "end of globalization" is a phrase that has come up a lot lately. Stories written about deglobalization have hit a fevered pitch with the war in Ukraine. But they began to heat up six years ago as that summer's Brexit referendum resulted in the British voting to leave the European Union. As you can see in the chart of "deglobalization" appearing in major news stories below, authors have attributed the potential end of world trade growth to: • Brexit in 2016; • President Trump's trade policy in 2017; • The rise of Nationalism in 2018; • The pandemic in 2020; • The war in Ukraine in 2022. Yet, none of ... (full story)