Recently, the global events like trade war between the United States and China, and Brexit Movement in Britain highlight a loss of faith of Advanced Economies (AEs) in globalisation. Globalization Globalization refers to the economic, social, and political integration of nations. It entails the spread of products, technology, information, and jobs across national borders and cultures.… Continue reading Is Globalization Dying?
Context The trade war between the U.S. and China has seen a significant escalation. Recently, the U.S. administration notified its decision to impose 15% tariffs, in two phases, on imports valued at $300 billion. The latest round of tariff increases implies that the country has imposed tariffs on almost all of its product imports from China,… Continue reading USA- China Trade War
Whether you love Donald Trump or you hate him, you cannot deny that he has a knack for capturing the zeitgeist. At his acceptance speech at the recently concluded Republican National Convention in Cleveland, the newly anointed presidential candidate declared in no uncertain terms: “Americanism, not globalism, will be our credo.” Trump, presumably, was speaking… Continue reading Is globalism dead?