Overcoming Antiquated Theories of Globalization

The video discusses the complexities of globalization, highlighting the lack of a rigorous theory and the need for new approaches to address worker backlash and economic disruptions. It explores the rise of protectionism and its impact on inequality, driven by technological progress and globalization. The challenges of low interest rates and their effects on growth and capital formation are examined, along with predictions of limited economic growth in the coming decade. The need for updated tools and strategies to address longstanding economic issues is emphasized.

What factors contribute to the current economic growth rate being projected at 1.2% for the next decade?

In what ways has globalization changed the economic landscape, according to the discussion?