New York Times (October 14)
Recent events have undermined the sunny view of globalization that long dominated Western policy. It’s now apparent that despite global integration, there are still dangerous bad actors out there — and interdependence sometimes empowers these bad actors. But it also gives good actors ways to limit bad actors’ ability to do harm.
Tags: Bad actors, Dangerous, Empowers, Global integration, Globalization, Harm, Interdependence, Sunny view, Undermined, Western policy
Foreign Affairs (July 11)
“Today, globalization has stalled, and the new vogue for stockpiling strategic commodities and “friend-shoring” supplies will be inflationary. Add in the aging of populations and the possibility that young workers will insist on a flexible approach to work, and the Fed may have to run tighter policy than in the past quarter of a century.”
Tags: Aging, Commodities, Flexible, Friend-shoring, Globalization, Inflationary, Populations, Stalled, Stockpiling, Strategic, Supplies, Work, Young workers
New York Times (April 11)
“Even though globalization has its problems, the current fad for re-shoring production is likely to run into some limits…. If cutting the Russian economy off from the rest of the world and forcing it to produce everything it needs at home is a punishment to Russia, why would it be a good thing for the United States to try to become self-sufficient?”
Tags: Economy, Fad, Globalization, Limits, Problems, Production, Punishment, Re-shoring, Russia, Self-sufficient, U.S.
Forbes (March 24)
In his latest letter to shareholders, BlackRock Chairman Larry Fink noted that “the war between Russia and Ukraine has heralded the end of globalization, as the conflict has upended the current world order that has been in place since the Cold War and will have lasting global economic consequences.”
Tags: BlackRock, Cold war, Conflict, Fink, Globalization, Russia, Shareholders, Ukraine, Upended, War
Chicago Tribune (September 13)
Chicago “like other major cities around the world, is a global city, a hub in the global economy, and that economy is on the ropes.” But “globalization is no unalloyed blessing.” Some would rather say goodbye to this “powerful economic force that richly rewards some and impoverishes others.” We can’t. “For better or worse, the global economy is the only economy we’ve got. Like the industrial economy before it, it is flawed, often cruel, but it pays the bills. If Chicago is to mend its divisions, it will have to do it with the money it reaps from its status as a global city.”
Tags: Chicago, Cruel, Economic force, Flawed, Global economy, Globalization, Impoverishes, Industrial economy, Major cities, Powerful, Rewards
Barron’s (December 27)
“Megatrends, like aging and climate change, are forcing governments to take care of themselves, understanding there are going to be massive challenges. As a result, we’re starting to see the peak of globalization, meaning limits to the movement of free capital, goods, money, services, and knowledge.”
Tags: Aging, Capital, Challenges, Climate change, Globalization, Goods, Governments, Knowledge, Limits, Megatrends, Money, Peak, Services
CBS News (September 7)
“The Trump administration’s trade battles with China, Canada, Mexico and other countries around the world can feel like a bewildering descent into the obscure. But you don’t have to be an expert to grasp that, in the era of globalization, a trade war upends the way countries have operated for decades.”
Tags: Administration, Bewildering, Canada, China, Globalization, Mexico, Trade war, Trump, Upends
Institutional Investors (June 11)
“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”
Tags: Brexit, Consequences, EU, GDP, Globalization, London, Market caps, Populism, Power, Supranational institutions, U.K., Wealthy businessmen, World order
Fortune (December 22)
“Technology and globalization are leading to more and faster disruption than ever. To stay ahead, smart companies are turning to design to better connect with customers and find their competitive advantage.” In a “hyper-connected world, “design can help bring coherence to the chaos” and “Fortune 500 companies are hiring chief design officers and investing heavily in design centers and innovation centers. Professional services firms, too, have joined the fray.”
Tags: Chaos, Chief design officers, Coherence, Competitive advantage, Customers, Design, Disruption, Fortune 500, Globalization, Hyper-connected, Technology
1843 (November Issue)
“Globalisation has turned citizenship into a commodity.” Estimates suggest that each year, “several thousand people spend a combined $2bn or more…on adding a passport or residence permit to their collection.” Convenience and instability are two of the factors encouraging the acquisition of additional passports, which do not come cheap. “The required investment ranges from upwards of $10,000 (Thai residence, for instance) to more than $10m (fast-track residence in Britain).”
Tags: Citizenship, Commodity, Convenience, Globalization, Instability, Investment, Passport, Residence permit, Thailand, UK
