While the conventional wisdom says that the world is fragmenting, it is likely that there is much less deglobalization than we think.
Looking at the past, the present, and the potential for future globalization, we can expect our interconnectedness to change.
Much less visible than the goods that travel in huge container ships, the global trade in services can be seen when we just look at everyday activities.
Next winter, our salads could be much more expensive because a new 17.5% tomato tariff will shrink supply and spike prices.
From sleeveless jackets to begging brides and young sports teams with no uniforms, the complexities of quotas can produce a slew of unpredictable results.
We seem to be going nuts for cashews. You can see below that the U.S. and India are eating the most. We like our nuts as a snack, in protein bars and as cashew milk. In India, a growing middle…
Embargoing goods from countries that imposed sanctions, Russia included McDonald’s and ignored the benefits of David Ricardo’s comparative advantage.
Our Sunday Charts The 2014 Big Mac Index is out and not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. As The Economist explains, starting in 1986, they wanted to take a lighthearted look at whether currencies…