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For decades, the world enjoyed economic growth fueled by an open and interdependent trade system. Yet dark clouds now gather on the horizon, as deglobalization sentiments take root in the United States. If America loses its conviction to promote free trade and globalization, the consequences could ripple across the globe, according to Desmond Lachman from the American Enterprise Institute. We must find a way to preserve the economic windfall of open markets while addressing legitimate grievances within a rules-based framework.
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For decades, the world enjoyed economic growth fueled by an open and interdependent trade system. Yet dark clouds now gather on the horizon, as deglobalization sentiments take root in the United States. If America loses its conviction to promote free trade and globalization, the consequences could ripple across the globe, according to Desmond Lachman from the American Enterprise Institute. We must find a way to preserve the economic windfall of open markets while addressing legitimate grievances within a rules-based framework.
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