Eichengreen: The Age of Hyperglobalization Has Passed

The video discusses the slowdown of world trade and the end of hyper globalization, driven by factors like the Chinese growth miracle and global supply chains. It highlights the economic and political implications, noting that the threat to globalization is more political than economic. The impact of NAFTA and technology on employment is analyzed, with technology playing a significant role in shifting jobs from manufacturing to services. The finance industry's role in globalization is explored, with a focus on trade finance and the potential impacts of de-globalization. Political challenges to globalization are discussed, emphasizing the need for education and training to help those left behind by globalization.

What marked the end of the age of hyper-globalization?

• The rise of new trade policies

• The Chinese growth miracle and global supply chains

• The collapse of the world economy

• The increase in manufacturing jobs

How has NAFTA affected the US economy according to the transcript?

• It has been a negative for the entire US economy

• It has shifted employment into services and high tech

• It has increased manufacturing jobs

• It has abolished technological progress

What is a potential consequence of unwise restrictions on cross-border capital flows?

• Growth in the finance industry

• Expansion of global supply chains

• Negative impact on trade

• Increased trade finance

What is the main threat to globalization according to the transcript?

• Financial deregulation

• Economic factors

• Political factors

• Technological advancements

Why do political elites overestimate globalization's appeal?

• They believe it benefits everyone equally

• They underestimate technological progress

• They focus on nationalism

• They ignore financial deregulation

What is one proposed way to help those who lose out from globalization?

• Building a wall

• Providing education and training

• Increasing trade barriers

• Abolishing robots

What are the two ways forward mentioned in the transcript?

• Expanding global supply chains and deregulation

• Protectionism and providing education

• Increasing manufacturing jobs and abolishing NAFTA

• Protectionism and building a wall