Posts Under: globalization

The Dangers of Deglobalization

Last week, the U.S. Chamber of Commerce released a report entitled, Preventing Deglobalization: An Economic and Security Argument for Free Trade and Investment in ICT.  Given the Brexit vote earlier this year, the G-20 Summit earlier this week, and both major U.S. Presidential candidates’ vocal disapproval of trade deals, this report comes at an excellent time to counteract the public’s declining faith in globalization.   Concerns stemming from the results of a globalized ICT economy are not unjustified.  Some countries have adopted protectionist policies in an attempt to foster their own competitive economies in the global marketplace, and others have done it with national security in mind to ensure that globalized products do not contain malware inserted by a foreign country or company to conduct cyber theft or espionage.  These are both fair reasons for wanting to adjust policy to remedy these concerns.  However, as the Chamber’s report ...