Globalization’s Emerging Fault Lines

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The global economy is currently undergoing a quiet transformation. While most of the world’s attention remains justifiably focused on the European Union’s minute-by-minute struggle to formulate a permanent solution to its unending debt crisis, other far-reaching economic forces are shifting beneath the surface. Increasingly, it seems as if the golden era of globalization that defined the last quarter of the 20th century is in danger, with the years prior to the 2008 economic crisis perhaps marking its high-water mark. Ours has become the era of perpetual global financial crisis, of sagging economic growth, of stubborn unemployment. As the world economy […]

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