Globalization is in retreat for the first time since the Second World War
By Douglas A. Irwing, Peterson Institute for International Economics World economic integration has been in decline since the 2008–10 financial crisis, ushering in an era of “slowbalization” or even deglobalization. Tracing global trade openness—the ratio of world exports to world GDP—reveals five distinct eras of globalization since 1870. […]

















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