# Professor Pankaj Ghemawat is interviewed about protectionism and globalization

1 Faculty News June 22, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/audio/2017-06-22/rising-home-prices-aren-t-bubble-mentality-shiller-says) -- "I think obviously Trump's election was a signal event, but, that said, companies were starting to sense a more protectionist climate well before Trump's election or even Brexit. I remember Jeff Immelt coming to NYU Stern to do the MBA commencement address in May 2016 and his whole point was the world has turned more protectionistic and therefore, GE was going to localize. So, that's a fairly early but very influential example of how some companies are trying to change their strategy."

[Read more](https://www.bloomberg.com/news/audio/2017-06-22/rising-home-prices-aren-t-bubble-mentality-shiller-says)