Globalization is in decline. Trade wars, an aversion to multilateralism and an enfeebled World Trade Organization are all behind a trend toward deglobalization, a move that began with the 2008 financial crisis. In this thoughtful analysis, economist Alicia García Herrero offers a sharply focused overview of the 2020s international trade climate. Her sobering conclusions bode ill for global trade and economic growth.
About the Author
Alicia García Herrero is a senior fellow at Bruegel, a European think tank.