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GLOBALIZATION

Aerial editorial-style image of a vast logistics and infrastructure landscape combining ports, rail networks, energy facilities, warehouses, and cargo aviation infrastructure. At the center lies a large unfinished blueprint-like void marked by faint planning lines, surrounded by interconnected systems rendered in muted grey and steel-blue tones

When these wars end…

The wars in Ukraine and the Middle East are accelerating a historic redistribution of power, ensuring that the world emerging from these conflicts will look nothing like the one we know today

Panoramic view of Yiwu city showing the International Trade Market complex with surrounding buildings, cars, and distant mountains

How Yiwu merchants keep the world stocked

Yiwu’s merchants confront escalating tariffs with strategic diversification, leveraging global networks to sustain trade momentum amid shifting economic landscapes

A realistic collage made from torn newspaper clippings on a textured wall, featuring the bold words “Tariffs,” “Globalization,” and “Working class” in black serif font

Trade policy and tribes

What if trade policy is no longer about economics, but about identity, memory, and the fading promise of middle-class America?

Historic photograph of a 1946 Ford Motor Company assembly line showing workers building postwar vehicles under a large American flag inside a factory hall

Made in America, again? Not quite

Tariffs won’t bring back the factories of yesteryear, and clinging to that fantasy delays serious thinking about the economy we actually have

A view of Beijing’s skyline at sunset, featuring modern skyscrapers and residential buildings, symbolizing China’s blend of market-driven growth and strong state intervention

The rise and the fall of globalization

Branko Milanovic examines the trajectory of globalization, contrasting its two historic phases and assessing how Trump’s return signals a definitive break from the neoliberal world order