Globalization Isn’t Dead, But It’s Taking a Nap

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The Wall Street Journal says that globalization is dead, killed on a rising tide of financial crisis, populism, and nationalist politics. Some threads of their evidence are more convincing than others, but a quick look at global trade shows that they have a point:

Since 2011, world trade (in both merchandise and services) has grown at a rate of about 0.8 percent per year. By 2014 it had barely recovered to its pre-recession high. That compares to a growth rate of over 17 percent per year in the first eight years of the century. Globalization may not be dead, but it’s definitely taking a nap.

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We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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