Misguided Geopolitics Is Derailing Decades Of Globalization

Over the past decade, global economic prospects have been penalized by the fall of world trade, investment and migration, coupled with the unwarranted suffering of over 100 million globally displaced. It’s a prologue to an untenable future. The postwar wave of globalization benefited mainly the advanced economies. It was only after 1980 that some large developing countries, particularly China, broke into world markets for manufactured goods and services, while also attracting foreign capital. This era of globalization eclipsed with the global recession in 2008. As the G20 cooperation subsequently dimmed, so did global growth prospects, too. Between November 2008 and…