Month: October 2018

Globalization: The Rise and Fall of an Idea that Swept the World & Infected the West

Conservative Resurgence Published on Aug 15, 2018 Adapted Radical or Revolutionary? Ever since US presidential candidates railed against free trade, and anti-immigrant parties made sweeping gains in Europe, the question has been asked: are we witnessing the demise of globalization? A trend that has dominated trade for decades appears to be coming to an end. The percentage of global GDP and world exports has been on a slow steady decline in the past two years as tariffs, largely disregarded and frowned upon by conventional economists, are emerging protectionist trends. Defined as ‘principled realism’ by Victor Davis Hanson, countries such as China’s breakneck industrialization is most likely over. Britain, a nation famous for building its empire on trade, will exit the world’s b...