Original Article Post Date:
Laurence Chandy Fellow - Global Economy and Development, Development Assistance and Governance Initiative
Brina Seidel Research Assistant - Global Economy and Development, The Brookings Institution
After two decades defined by growing integration, the global economy appears to be at an inflection point. This judgment has been prompted both by structural changes in the global economy, especially since the Great Recession, and political events over the past year illustrative of a backlash against past integration. Following one such event—the U.K.’s Brexit vote in June—The Economist magazine reported, in a funereal tone, that globalization now seems to be receding, inspiring comparisons with the rise and fall of globalization a century ago.