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Alone together: China and America
We seem to be moving from a world where markets ruled to one where politics rules: the politics of nationalism and confrontation, of East versus West instead of East and West.
It wasn't that long ago that globalization was almost universally perceived as a good thing, when policymakers celebrated free trade agreements, and when countries competed to lower barriers to the free flow of goods, technology, and money. But something in the global zeitgeist seems to have shifted from free trade and open markets to decoupling, national champions, re-shoring, industrial policy.
We seem to be moving…
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