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Globalisation: a well-managed decline required

The World Economic Forum's first meeting in more than two years was markedly different from the many previous Davos conferences that I have attended since 1995. It was not just that the bright snow and clear skies of January were replaced by bare ski slopes and a gloomy May drizzle. Rather, it was that a forum traditionally committed to championing globalisation was primarily concerned with globalisation's failures: broken supply chains, food- and energy-price inflation, and an intelle...
United States United Kingdom Adam Smith Margaret Thatcher Ronald Reagan World Trade Organization

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Neoliberals are in for some shock therapy

The fallout from Russia’s invasion of Ukraine has reminded us of the unforeseeable disruptions constantly confronting the global economy. We have been taught this lesson many times. No one could have predicted that the Sept. 11, 2001, terror attacks, and few anticipated the 2008 financial crisis, the COVID-19 pandemic or former US president Donald Trump’s election, which resulted in the US turning toward protectionism and nationalism. Even those who did anticipate these crises could not hav...
Donald Trump Vladimir Putin Gerhard Schroder Joseph Stiglitz Lehman Brothers Russian President Vladimir Putin

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