Friday, November 26ASIA-PACIFIC YOUTH SERVICE

Tag: globalization

Globalization is Ahead of the U-Turn
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Globalization is Ahead of the U-Turn

By Adib BazgirGlobalization is in a difficult situation. A populist backlash, embodied by U.S. President Donald Trump, is going all out. A stewing trade war among China and the United States could quickly boil over. Nations across Europe are closing their outskirts to foreigners. Indeed, even globalization’s greatest supporters presently yield that it has created disproportionate advantages and that something should change. The present troubles have their underlying foundations during the 1990s, when policymakers set the world on its current, hyperglobalist way, requiring local economies to be placed in the world economy’s administration rather than the opposite way around. In trade, the change was motioned by the making of the World Trade Organization in 1995. The WT...