Globalization

Globalization has fallen out of favor, and Branko Milanovic introduces 'national market liberalism' to describe the new economic era characterized by mercantilism and nationalism. His new book, 'The Great Global Transformation,' explores this shift.

Globalization is fragmenting and great-power competition is intensifying, leading to Latin America becoming a pivotal 'optionality' region. The region is highlighted for its critical minerals and emerging role in global dynamics.

US Treasury Secretary Scott Bessent outlined an 'economic statecraft' doctrine, asserting the US will set different economic rules for itself and others, while justifying its global economic dominance through the dollar's reserve currency status. The speech was criticized for promoting double standards, outsourcing, and undermining globalization.

Polestar's chief claims globalization for carmakers is over following a U.S. sales ban. The Swedish group, majority-owned by China's Geely, will be barred from selling new electric vehicles in the U.S. starting next year.

Technology from American companies is being used to power a revolution in the scam industry, enabling industrialization and globalization of fraud. An AP/FRONTLINE investigation highlights how U.S. tech facilitates this shift in ways previously unclear.

The CEO of Atomic Industries highlights America's 60-year retreat from manufacturing and calls for rebuilding it over the next century through innovation and a new industrial base. The article emphasizes the importance of manufacturing for sustaining society and fostering community, with a focus on both domestic and global implications.

Microsoft CEO Satya Nadella warned that a few dominant AI providers could absorb corporate knowledge and destabilize industries, drawing parallels to globalization's negative impacts. He emphasized the need for a broad AI ecosystem where companies retain control over their learning systems, echoing concerns from other Big Tech leaders like Snowflake's Sridhar Ramaswamy and Box's Aaron Levie about AI's potential to disrupt industry autonomy and differentiation.

IMF Chief warns against repeating past globalization mistakes in the development and implementation of artificial intelligence. The statement emphasizes the need for caution in AI's global integration.

US tobacco firms utilized strategies originally developed for the tobacco industry to expand their influence and market ultra-processed foods globally. The article highlights how these tactics were adapted to promote such foods internationally.

The U.S.-China rivalry is disrupting global supply chains, leading to a decline in globalization. There is a structural shift toward domestic, state-subsidized industries as geopolitical power cartels emerge.

The article discusses Trump's pre-emptive attacks as representing a significant departure from globalization ideals, though characterizing such strategies as not unprecedented. It frames these actions as a 'traumatic break' with established international norms and cooperative frameworks.

The article discusses the potential for the Chinese yuan to gain global traction, noting that geopolitical tensions (referred to as 'anxiety of war') have positively impacted its adoption.