Wednesday, March 2, 2016

Summary of "Has Globalization passed its Peak" by Rawi Abdelal

In this article, Abdelal and Segal argue that
globalization has passed its peak, but that is not the same as saying that it is dying
out.  The authors' argument can be pretty well summed up in two
sentences:



The
technological revolution that has driven the current wave of globalization will
continue. ... At the same time, certain barriers will start to
rise.



So the authors are
saying that there is no stopping the technological changes that make it easier to have a
global economy.  However, they say, the benefits of globalization have not been made
clear and leaders have not been good enough at showing their constituents why
globalization is good for them.


Because of this, there is a
lot of demand for policies that limit globalization.  The authors argue that the US, in
particular, must ensure that these demands should not cause an end to
globalization.

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