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Deglobalisation will hurt growth everywhere | Kenneth Rogoff

1 month ago   |   By The Guardian

The US has more to lose from rising economic nationalism than some of its politicians realise The post-pandemic world economy seems likely to be a far less globalised economy, with political leaders and publics rejecting openness in a manner unlike anything seen since the tariff wars and competitive devaluations of the 1930s. And the byproduct will be not just slower growth but a significant fall in national incomes for all but perhaps the largest and most diversified economies. In his prescient 2001 book The End of Globalisation , the Princeton economic historian Harold James showed how...
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