What Drives Globalization?

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The author of "De-globalization – Myth or reality?" sees three forces that drive globalization. 

The first is the ability to shorten distances in both transport and communication. The second is the commitment of nation states to establish and adhere to rules, standards and safeguards that ensure that goods, services, capital and labor can move relatively freely across borders. The third is the incentive of firms and consumers to push the boundaries of what is possible in the ever-present quest for profits and pleasure.

Drill down on all three points to learn more, especially about what drives globalization.

De-globalization Might Lead to a Different Globalization

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De-globalization, which is a retreat from Western-designed globalization, did not begin during the pandemic or during the Russian war on Ukraine. This process had its origins in the Great Recession of 2007-09.

Up to now, there has been no choice apart from the largely Western-driven globalization. But some countries are using technology to regain their independence.

An article written by authors John Micklethwait and Adrian Wooldridge for Bloomberg on March 24 sounded the alarm to announce the end of “the second great age of globalization.”

Read what they have to say.