Bloomberg Businessweek

Trade

Trump’s attacks on the world trade order won’t bring globalization to a halt
BMW is building X3s in China

Among those who favor free trade and footloose capital, the lament often heard these days is that we are confronting the end of an era of ever-greater economic integration. Yet the most surprising lesson of 2018 may be how resilient globalization has proved to be, even in the face of Donald Trump’s “America First” policies. Will that hold true in 2019?

The first point to remember is that globalization is more of an enduring force than an easily discarded ideology. It’s a phenomenon that’s been with us for millennia. The spread of Christianity is as much a product of globalization as the iPhone or China’s industrial might. None would exist without the human instinct to trade and travel,

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek2 min read
Another Industrial Giant May Break Up
What do garbage disposals have in common with factory automation tools? Not much, but Emerson Electric Co. will gladly sell you both, at least for now. Chief Executive Officer David Farr announced at the beginning of October that the company would c
Bloomberg Businessweek3 min read
Wealth Managers in China Stir Up Risk
Analysts on the lookout for China’s next financial shock are training their sights on the least regulated corner of the nation’s sprawling “shadow banking” system. Their concern centers on independent wealth managers, which have expanded rapidly in
Bloomberg Businessweek3 min readScience
‘Stop Stabbing Yourself’
With every new technology, there are pioneers and there are renegades. Take the Homebrew Computer Club, which foreshadowed the personal-computer revolution with its own do-it-yourself machines in the 1970s and ’80s. Ever since the science of genome e