Summary of "Has Globalization passed its Peak" by Rawi Abdelal
In this article, Abdelal and Segal argue that globalization has passed its peak, but that is not the same as saying that it is dying out. The authors' argument can be pretty well summed up in two sentences:
The technological revolution that has driven the current wave of globalization will continue. ... At the same time, certain barriers will start to rise.
So the authors are saying that there is no stopping the technological changes that make it easier to have a global economy. However, they say, the benefits of globalization have not been made clear and leaders have not been good enough at showing their constituents why globalization is good for them.
Because of this, there is a lot of demand for policies that limit globalization. The authors argue that the US, in particular, must ensure that these demands should not cause an end to globalization.
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