Globalization “isn’t the only, or even the real, story of international economics over the past four decades,” writes Shannon K. O’Neil in her latest book The Globalization Myth: Why Regions Matter.

John Maynard Keynes vividly portrayed the heyday of the first golden age of globalization (1870-1914) in his prophetic book, “The Economic Consequences of Peace,” as follows: “The inhabitant of London ...

While trade is no new concept, businesses can become a presence in more areas all over the globe than ever before. But how did this happen? And what business industries experience globalization? Keep ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Globalization continues—the widespread predictions of its death were wildly ...

The US decades-long commitment to economic globalization is being dismantled. Trade wars are launched and exclusive blocs are built to grasp at its fading hegemony. Consequently, global attention is ...

Amid the headwinds facing economic globalization, certain countries have attempted to restructure global industrial chains through trade protectionism, which poses serious challenges to the ...

In 2023, the U.S. experienced a trade deficit of $773 billion, with China as its largest trade creditor. The U.S. trade deficit has steadily grown since 2009, regardless of which party held the ...

To most on the U.S. left, globalization is a dirty word — the name of that Frankensteinian amalgam of forces that turned America’s industrial centers into Rust Belts, its trade unions into ...

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I’m from a fortunate generation. I can remember a time — about a quarter-century ago — when the world seemed to be coming together. The great Cold War contest between communism and capitalism appeared ...