It’s the End of Globalization As We Know It (And That’s Probably Fine), Part 2

Let’s talk about trade rules.

By Scott Lincicome

Apr 6, 2022

Dear Capitolisters,

This week we’ll jump right into Part 2 of my musings on the big “deglobalization” narrative that’s sweeping the (ahem) planet. You can read Part 1 here, to which I’ll just add these useful notes and chart from a fellow skeptic, Schwab’s Jeffrey Kleintop:

All of these were going to end globalization:
2016 Brexit
2017 Trump trade war
2018 Nationalism
2020 Pandemic
2022 Ukraine War

Yet, global trade is at record highs and so it is the international share of corporate profits.
— Jeffrey Kleintop (@JeffreyKleintop) March 30, 2022

Now on to Part 2…

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