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.
In the Spring/Summer 2007 issue of The Cato Journal, Peter Kenen claims that the United States has become the largest single beneficiary of financial globalization, and we may have to pay a high price for that privilege.
Watch experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.
Listen to experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.
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.
Allan Hubbard, Assistant to the President for Economic Policy and Director of the National Economic Council, speaks about the state of the economy and the president’s American Competitiveness Initiative.
The French government's backdown on plans to reform youth labor laws has raised concerns about the country's ability to adapt to globalization, as well as how failure to pass the law will impact the continent.
This report by the Institute of Defence and Strategic Studies in Singapore examines the roots and ramifications of military-industrial globalization in South Asia, locating them firmly within the dynamic military cultural context of the subcontinent's history. In so doing, it stives to redress perceived imbalances in the contemporary emphasis of current debates about the nature and impact of globalizing supra-national forces. It also seeks to review possible implications of long-term trends and patterns for the future security of the region.
Learn more about CFR’s mission and its work over the past year in the 2016 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »