The push toward globalism isn’t limited to political schemes; it also includes efforts to influence agriculture and homogenize food consumption around the world. The origins and varieties of the food we eat have drastically changed in the past few decades thanks to changing farming practices, although this has likely escaped the notice of most everyday…
WTO Wants More Globalization and Asks How to ‘Redesign Global Financial Architecture’ in Name of Climate Change
November 7, 2022
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Business & Marketsclimate changeclimate change agendaCO2 emissionseconomyglobalizationInternationalwarming periodsWorldWorld Trade Organization (WTO)
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The World Trade Organization (WTO) has published its 2022 edition of the World Trade Report, which pushes for more globalization and a shift away from fossil-fuel vehicles as part of its fight against climate change. One of the messages of the report is that trade is a force multiplier as countries adapt and adjust to…
In Landmark Address, Russia’s Putin Looks To ‘Multipolar’ World Order
In an address delivered last week, Russian President Vladimir Putin covered a range of momentous issues. These included the perceived decline of “liberal globalization,” the rise in the West of “cancel culture,” the importance of respecting “traditional values,” and the coming emergence of what he described as a “multipolar world order.” Putin delivered his annual…
How the Current Recession Will Be Affected by Globalization
Commentary European gas prices are skyrocketing by at least 30 percent as one of the main Russian pipelines, Nord Stream 1, will be shut down indefinitely. Global inflation has been its highest in decades as tightening monetary policy threatens to cause a global recession. As hedge fund manager Ray Dalio stated in his book, The Changing…
Huawei CEO Reportedly Urges Company to Stay Cash Flow Positive to ‘Survive’ Tough Economic Times
The founder of Chinese technology giant Huawei, has reportedly told the company to brace for “survival” amid the grim global economic outlook, according to a leaked internal memo. Once riding high on the wave of globalization, the successful telecom held one of the largest global shares on shipments of communications devices. However, the company has…
Powell Says Economic Growth Will Likely Slow as De-Globalization Pressures Build
June 29, 2022
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Business & Marketseconomic policieseconomyEuropeglobalizationinflationInvestmentjerome powellMarketsrecessionRussia-Ukraine WarUSUS NewsWorld
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Federal Reserve Chair Jerome Powell said he thinks it’s rather “likely” that the forces of de-globalization will mount, leading to a more fractionalized new normal characterized by higher inflationary pressures, lower productivity, and slower economic growth. Powell made the remarks on June 29, during a panel discussion at the European Central Bank’s annual policy forum…
Fearful Elites Shield Globalization From Democracy
Are ordinary people served or threatened by globalization? The term itself, of course, means different things depending on who is using it. But the form of globalization that has provoked populist-oriented passions in both hemispheres in recent years has at its heart the determination to suppress people’s exercise of the powers of representative government. If,…
John Robson: On Power Outages and Politicians’ Complacent Mindset That Nothing Serious Can Go Wrong
Commentary Decades ago, I backpacked to exotic places where things were very different. For instance the electricity might work intermittently, and accountability not at all. But now that globalization has created a far more homogeneous world, culturally and technologically, um, they don’t work here either. Last winter I complained on Twitter, so I deserved whatever…
Australian Election Reveals the Weakness of ‘Centrist Politics’
May 2, 2022
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Australiaaustralian federal electionAustralian federal election 2022Business & Economycentristeconomic policiesglobalizationInternationalOpinionViewpointsWorld
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Commentary The Australian federal election has so far demonstrated just how much the political centre is weakening as voters shift further right and left. It is all part of a worldwide trend that has seen growing discontent at the status quo from voters in the United States, United Kingdom, France, and Canada. At the heart…
How Investible Is China? Expert Views: Nature of the US-China Economic Competition and Investment
April 8, 2022
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BusinessChinaChina InsiderChina-USeconomyEpochTVglobalizationInvestmentmarket economySocial IssuesUS-China competitionUS-China relations
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There are still many who dream that China’s market is bright. Knowing the Chinese regime’s political nature—where the party is placed first, above all else—can the Chinese market really be trusted as a proving ground for global investors? I speak to J.G. Collins about the credibility of China and American investments there. I also speak…
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