In the mid-1920s, the mood in the United States was buoyant. After years of surging economic growth, fuelled by expansion in the automobile industry and speculation in financial markets, the United ...

Globalization “isn’t the only, or even the real, story of international economics over the past four decades,” writes Shannon K. O’Neil in her latest book The Globalization Myth: Why Regions Matter.

It is easy to be cynical about global summits like the Group of Seven (G7) leaders’ gathering in Hiroshima earlier this month, especially when they involve a parade of photo ops, 40-page communiqués, ...

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 ...

In 2023, the U.S. experienced a trade deficit of $773 billion, with China as its largest trade creditor. The U.S. trade deficit has steadily grown since 2009, regardless of which party held the ...

Joe Biden’s economic team is taking shape with plans to remake the Trump administration’s approach to economic relations overseas, with a distinction: agreement with President Trump’s assertion that ...

The U.S. and Europe are facing growing migration crises and humanitarian emergencies at overwhelmed borders — raising the question of how to legally authorize the flow of people who do not count as ...

Globalization, since the Brexit and Trump shocks of 2016, has been shaped by a tug of war between economic fundamentals and policy threats. But predictions that globalization would collapse under a ...