Globalization does not occur in a vacuum—that is to say, there is more to it than innovations in communication and transportation. It requires, for example, the widespread implementation of economic doctrines like the liberalist, free-market one. Adam Smith (1723–90) was influential in promoting such liberalism,...
All economies arguably benefit from globalization. They have a common stakes in promoting it and in managing the challenges that it brings about. This is particularly true of the world’s largest economies, trading nations and ideological rivals: the United States and the People’s Republic of...
It is estimated that the entire world market would grind to a halt in a fortnight if containers stopped moving. And that is only half the story. The other half has to do with the fact that less than five percent of the contents of...