| ID | 158874 |
| Title Proper | Globalization is not in retreat |
| Other Title Information | digital technology and the future of trade |
| Language | ENG |
| Author | Lund, Susan ; Susan Lund and Laura Tyson ; Tyson, Laura |
| Summary / Abstract (Note) | By many standard measures, globalization is in retreat [1]. The 2008 financial crisis and the ensuing recession brought an end to three decades of rapid growth in the trade of goods and services. Cross-border financial flows have fallen by two-thirds. In many countries that have traditionally championed globalization, including the United States and the United Kingdom, the political conversation about trade has shifted from a focus on economic benefits to concerns about job loss, dislocation, deindustrialization, and inequality [2]. A once solid consensus that trade is a win-win proposition has given way to zero-sum thinking and calls for higher barriers. Since November 2008, according to the research group Global Trade Alert, the G-20 countries have implemented more than 6,600 protectionist measures. |
| `In' analytical Note | Foreign Affairs Vol. 97, No.3; May-Jun 2018: p.130-140 |
| Journal Source | Foreign Affairs Vol: 97 No 3 |
| Key Words | Globalization ; Digital Technology ; Future of Trade |