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Globalization

It’s difficult to ignore some of the benefits of globalization. Goods became cheaper, markets became more accessible, and people moved more freely across borders. But those benefits came at the expense of jobs and, depending on whom you ask, national identities throughout the developed world. It is little surprise, then, that globalization is now an object of contempt in the countries that were once its biggest advocates — countries that have begun to elect leaders who promise to right the wrongs globalization has wrought. International trade will continue, of course, but governments will replace ambitious globe-spanning trade deals with smaller ones, even bilateral ones, as the political challenges to negotiating free trade agreements grow.

It is little surprise, then, that globalization is now an object of contempt in the countries that were once its biggest advocates — countries that have begun to elect leaders who promise to right the wrongs globalization has wrought.
(PRAKASH SINGH/AFP/Getty Images)
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