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 are the potential consequences of clamping down on cross-border capital flows?

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Why do political elites tend to overestimate the appeal of globalization?

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What are the two potential paths forward for globalization according to the professor?

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