Remove 2010 Remove Global Economy Remove Shipping
article thumbnail

Understanding Deglobalization: What the Backlash to Trade Liberalization Means for Business Growth and Global Inequality

James Militzer

The Trade-Offs and Unequal Benefits of Trade Liberalization However, while the global economy may have benefitted overall from trade liberalization, this growth has not been spread equally. What Does the Future Hold for Globalization? Specific localities and groups of workers have gained at the expense of others.

article thumbnail

A new trade paradigm: How shifts in trade corridors could affect business

McKinsey Sustainabilty

Given the size of the global economy (roughly $111 trillion according to IMF data), a difference of a couple of trillion dollars in trade growth may not seem dramatic. As a result, China would likely maintain its role as a key exporter in the global economy. Data flows grew at almost 50 percent per year.