Globalization has become a defining feature of the modern economy, characterized by the interconnectedness of markets and the international flow of goods, services, and capital. At the heart of this ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Globalization continues—the widespread predictions of its death were wildly ...

Good evening. I'm John Yang. Across the globe this weekend, world leaders are trying to figure out how to respond to President Trump's attempt to reshape the global economy by imposing steep tariffs.

A consensus is emerging that the world is cleaving into blocs—not only geopolitically but economically, too. In 2020, the economist Douglas Irwin wrote that “the COVID-19 pandemic is driving the world ...