In this special edition of Current Accounts, the Hinrich Foundation’s podcast on global trade, guest host Nii Akrofi Smart-Abbey from the Association of Foreign Press Correspondents in the United States (AFPC-USA) talks to Hinrich Foundation Research Fellow Stewart Paterson, delving into a discussion centered around the question of whether globalization is under threat. This episode was first featured in the AFPC podcast series.

Globalization is often associated with the notion of technology, making the world a global village after the advent of computers. In fact, it is a complex phenomenon showcasing how trade and technology have made our world a more connected and interdependent place while resulting in economic and social transformations. As globalization has become less appealing due to the stagnant trade intensity and declining foreign trade investment flows, it is imperative to pay attention to the current state of globalization and the evolving dynamics of nation-states within this sphere.

Globalization is increasingly under threat as it lacks support from a large part of the world where the authoritarian tendency threatening international trade is on the rise. 

This special episode of Current Accounts highlights the thought-provoking findings of a report titled ‘What went wrong with globalization’, authored by Hinrich Foundation Research Fellow Stewart Paterson. The report examines contemporary globalization, shedding light on the four factors that have hindered its progress. Additionally, he discusses the diminishing authority of the WTO and proposes remedies. Tune into this episode to uncover valuable insights into the future of global integration.

Download Full Transcript

Tune into the Hinrich Foundation’s podcast series for insights on international trade.