Development

Foreign Affairs Article

Freight Pain

Author: Marc Levinson

The golden age of globalization is over due to slower, costlier, and less certain transportation. In retrospect, Americans may lament too little globalization, not too much.

See more in Globalization; Global

Foreign Affairs Article

A New Deal for Globalization

Authors: Kenneth Scheve and Matthew J. Slaughter

Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.

See more in United States; Globalization; Labor

Foreign Affairs Article

Let Women Rule

Author: Swanee Hunt

Although women have made large strides professionally over the last century, politics remains a man's world. Significant barriers stand in the way of more women assuming positions of political leadership -- not least women's own attitudes. If serious efforts are not made to break down these barriers, the world will miss out on the benefits that women can bring to policymaking.

See more in Women

Foreign Affairs Article

College Goes Global

Author: William Brody

The market for higher education, like others, is becoming increasingly globalized -- and dominated by U.S. institutions. But despite predictions that U.S.-based global universities will surge as geographic and disciplinary barriers come down, the era of the global "megaversity" may not quite be at hand.

See more in China; Education

Foreign Affairs Article

Has Globalization Passed Its Peak?

Authors: Rawi Abdelal and Adam Segal

Not long ago, the expansion of free trade worldwide seemed inevitable. Over the last few years, however, economic barriers have started to rise once more. The forecast for the future looks mixed: some integration will probably continue even as a new economic nationalism takes hold. Managing this new, muddled world will take deft handling, in Washington, Brussels, and Beijing.

See more in Trade; Globalization; Global

Foreign Affairs Article

Hands Off Hedge Funds

Author: Sebastian Mallaby

The massive growth of hedge funds has sparked warnings of instability and demands that the industry be regulated. But the fear of hedge funds is overblown, based on a misunderstanding of their role in the international financial system. In reality, hedge funds do not increase risk; they manage it -- and policymakers, rather than clamping down, should make sure hedge funds have the tools to perform this function well.

See more in Emerging Markets