What Stopped Globalization?
Globalization survived Brexit and Donald Trump, and it appeared to be thriving even after the COVID-19 pandemic. But with Russia’s invasion of Ukraine, the economic “mutual assured destruction” that was supposed to deter decoupling apparently reached its limits.
NEW HAVEN – After decades of unprecedented openness, international economic relations have entered a new era, characterized by mistrust and division. Given the potential costs of this shift, it is worth retracing how we got here.