Future of Globalization

For centuries, economists have theorized that greater economic integration leads to peace, but is that belief warranted? John Plender lays out the intellectual underpinnings of the idea that greater trade and economic interaction leads to peace between nations, and explains how that conventional wisdom survived through two world wars, in the Financial times. Meanwhile, Richard Baldwin in a series of blog posts (Part 1, Part 2, Part 3, Part 4) analyzes whether globalization has in fact peaked, and highlights the role of trade in services.

Mentioned publications

Why trade couldn’t buy peace – John Plender, Financial Times, 23 September 2022
Russia’s war and tensions with China are unraveling the notion that international trade leads to peace among nations.
Part 1: The peak globalisation myth, Part 2: Why the goods trade ratio declined, Part 3: How global supply chains are unwinding, and Part 4: Services trade did not peak – Richard Baldwin, VoxEU/CEPR, 31 August to 3 September 2022
Has globalization peaked? For trade in goods, it depends, but for trade in services the answer is no.