Multinational firms and global innovation
Multinational companies are at the heart of two key globalisation trends: the fragmentation of production and the internationalisation of innovation. This column studies the global
Drivers of international primary income balances
Financial globalisation since the 1990s has led to large holdings of cross-border assets and liabilities in many countries. This column analyses the yields on assets
Big cities and globalisation
Globalisation has deepened economic inequalities between large cities and the rest. This column examines foreign trade integration in larger cities versus other regions across Brazil,
The state of competition: Why market power has risen – and why antitrust alone won’t fix it
There is intense debate over the origins and implications of rising market power and declining business dynamism across developed economies. This column argues that a
The narrowing path: Trade and development in a new era
For decades, international trade has been a powerful engine of development. Countries like South Korea and China achieved remarkable transformations – moving from low-income agricultural
The (un)intended consequences of export restrictions
Export restrictions on industrial raw materials are increasingly used by developing economies to climb value chains. This column explores whether Indonesia’s 2014 ban on nickel
Decoupling without deglobalisation: The new geography of trade blocs
As geopolitical tensions rise, fears of deglobalisation have taken centre stage. However, world trade has remained surprisingly resilient, at least through 2023. This column uses
Why globalisation needs a leader: Hegemons, alignment, and trade
There is a growing concern that tensions between China and the US may lead to an unravelling of globalisation. This column discusses how rivalry between
How the SS Great Britain overcame the tyranny of distance
The transition from sail to steam power for cargo and passenger shipping to Australia lagged behind the North Atlantic by nearly two decades. This column
The state of globalisation: A new eBook
Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in
