The world’s two largest economies are engaged in a trade war without clear end. Britain is in the midst of a messy exit from the European Union.
Germany wants to block foreign takeovers of German companies. And worldwide there were more than three times as many restrictive trade measures implemented in 2017–18 as liberalizing ones, according to Global Trade Alert. All of this prompts the question: Is globalization going in reverse?
Not quite. Yes, trade in goods is growing more slowly amidst rising trade barriers in many places. But trade in goods is still growing, and trade in information and other […]
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