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Globalization

All articles tagged with #globalization

Weaponized Interdependence: The Hidden Cost of Globalized Trade
world26 days ago

Weaponized Interdependence: The Hidden Cost of Globalized Trade

Krugman argues that globalization’s interdependence can be weaponized, turning economic ties into tools of coercion and potential conflict, even as trade has historically been seen as a force for peace. Drawing on geoeconomics and real‑world tensions (e.g., Red Sea disruptions, Hormuz dynamics), the piece surveys traditional arguments for trade as peace, explains how interdependence can escalate disputes, and discusses the current relevance for policy in a world where economic links can both stabilize and destabilize international relations.

via paulkrugman.substack.com|
#conflict#geopolitics#globalization
Depression-Era Tariffs Reignite US-Canada Trade Tensions Ahead of the Midterms
economy1 month ago

Depression-Era Tariffs Reignite US-Canada Trade Tensions Ahead of the Midterms

The US and Canada, long-time allies, have escalated their trade dispute after talks collapsed and Trump invoked Section 338 of Smoot-Hawley to impose 50% tariffs on about $20 billion in Canadian exports, provoking a retaliatory Canadian tariff plan on US goods. The move threatens higher prices for consumers, risks broader cost pressures for border-state industries like autos and seafood, and could sway swing-state voters in the upcoming midterms. Economists warn that reviving Depression-era protectionism undermines decades of global trade liberalization, with the ultimate outcome likely shaped by political changes after the elections.

via The Conversation|
#economy#globalization#midterm-elections
Nadella warns AI giants could hollow out whole industries
technology3 months ago

Nadella warns AI giants could hollow out whole industries

Microsoft CEO Satya Nadella warns that a few AI providers could capture most economic value, hollowing entire industries; he argues for a broad AI ecosystem where companies retain control of their learning systems to spur innovation and preserve workforce expertise, echoing similar calls from other tech leaders about data monopolies and competitive differentiation.

via Business Insider|
#ai#globalization#hollowed-industries
World Baseball Classic: A Cultural Counterweight to American Baseball Power
sports6 months ago

World Baseball Classic: A Cultural Counterweight to American Baseball Power

An opinion piece arguing the World Baseball Classic matters beyond athletic results, giving players, especially from Venezuela, a space to express identity and challenge the US-dominated economics of baseball. It contends Jeter’s dismissal overlooks how the tournament disrupts cultural hegemony even if it does not end American control of the sport’s economics, highlighting players’ emotional significance and the broader global context.

via Over the Monster|
#american-ownership#derek-jeter#globalization
Cars as Cultural Mirrors: A Global Portrait of Mobility
culture7 months ago

Cars as Cultural Mirrors: A Global Portrait of Mobility

Dutch photographer Martin Roemers’ Homo Mobilis surveys about 200 vehicles across eight countries to explore how transport reveals owners’ identities, cultural values, and social inequalities—from rooftop gardens on cars in India to homeless-car living in the U.S.—and ends with depictions of scrapped vehicles to underscore mobility’s impermanence.

via NPR|
#cars#culture#globalization
Anta Sports Bets Big on Puma with 29% Stake in $1.8B Deal
business8 months ago

Anta Sports Bets Big on Puma with 29% Stake in $1.8B Deal

Anta Sports has agreed to acquire a 29.06% stake in Puma SE for about €1.5 billion ($1.8 billion), financed entirely with internal cash, with closing expected by the end of 2026. Anta will seek representation on Puma’s supervisory board while preserving Puma’s brand identity and independence, and it says it currently has no plan to make a takeover offer, though a deeper partnership could be explored in the future.

via WWD|
#anta-sports#business#china
The Shift from Neoliberalism to a New Capitalist Era
economics11 months ago

The Shift from Neoliberalism to a New Capitalist Era

Branko Milanovic discusses the decline of neoliberal globalization, the rise of China, the emergence of a new global elite, and the shift towards national market liberalism, highlighting the increased inequality, geopolitical tensions, and societal discontent that may lead to further instability, all within a framework of long-term observable trends and critical analysis of capitalism's moral shortcomings.

via Jacobin|
#china#economics#elite