Recent history has shown an seemingly inexorable increase in globalization of trade.
Krugman points out that changing technologies and practices have resulted in ebbs and flows in globalization over time. Are there coming changes that could reverse the current trend?
2 comments:
Because of the economic gains that are available through trade, it seems to me that anti-globalization trends are most likely the result of misinformed or special-interest politics. In that case, there is no telling what the future holds for sure. I think anything is possible.
Did you have something in mind?
What about the the potential for high productivity of high
end based upon a well-skilled work force versus no effective competition at all from countries having only cheap labor to offer?
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