Globalization, as it is known today, has always been a contentious issue. It may not seem that way for people of my age who grew up under unfettered assumptions. The expansion of global trade as the ...

Economic cluster theory has been used to describe the growth of many industries, including the automotive business around Detroit, high tech in Silicon Valley, and digital media in Seoul. These ...

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 ...

Globalization is going through its biggest stress test since the 2008 global financial crisis and its aftermath. But if you want to understand why the forces of economic integration may be more ...

Rather than deglobalization, what we’re seeing is a strategic reconfiguration of global business—call it "precision ...

In The Globalization Myth: Why Regions Matter, CFR Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies Shannon K. O'Neil offers a ...

Globalization is in trouble. A populist backlash, personified by U.S. President Donald Trump, is in full swing. A simmering trade war between China and the United States could easily boil over.

If I had started reading the recent column by Financial Times columnist Rana Foroohar, “Free trade has not made us free,” in the middle of the piece, I would have first come across this sentence: “Our ...

Shannon K. O’Neil offers a powerful case for why regionalization, not globalization, has been the biggest economic trend of the last forty Globalization is not the only—or even the real—story of the ...

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