What Comes After Globalization?
Donald Trump is back in power, and, to put it mildly, he’s no fan of globalization. The president has publicly “rejected globalism and embraced patriotism” and said that “it’s left millions and millions of our workers with nothing but poverty and heartache.” To better understand the current era of globalization that he’s trying to bring to an end and its track record, it’s useful to compare it with the globalization that took place between 1870 and the outbreak of World War I.
Both globalizations represent pivotal periods — watershed years that shaped today’s world. And both saw the largest expansions of global economic output to date.