It’s not your father’s globalization anymore
It’s no surprise that globalization, always a hot-button topic, has resurfaced in the US presidential race. But a lot of the discussion continues to re-litigate the past rather than proposing how to compete in the future. While we’re still talking about tariffs, trade deficits, and currency wars, globalization has morphed in a very different—and more digital—direction. Our old image of globalization was one of container ships moving manufactured goods from far-flung factories to markets around the world. Cross-border trade in goods remains a major force in the global economy, but…
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