Is America Enriching the World at its Own Expense? That’s Globaloney.
— February 3, 2017
By Pankaj Ghemawat and Steven A. Altman
All of this reflects genuine skepticism of the benefits of globalization, opposition to trade deals and anxiety about immigration among large portions of the U.S. population, protests notwithstanding.
But as the Trump administration moves to reduce and restructure U.S. international engagement, America urgently needs a reality check. The United States is far less buffeted by international trade, immigration and other aspects of globalization than many Americans assume; the whole world is far less globalized than people tend to believe. And policies rooted in overestimating globalization — “globaloney” — could harm the people they purport to protect.
Read the full article as published in the Washington Post.
Pankaj Ghemawat is a Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management. Steve Altman is a Senior Research Scholar and Executive Director of the Center for the Globalization of Education and Management.