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Schoolhouse Rock Version of the Global Trade

The Trade Guys

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The Enabler Tools of Globalization

The enabling tools of globalization have been huge cost decreases in transportation and communications. I'm worried about a variation of Cold War developing where the world ends up being divided between basically rule of law countries and authoritarian states, non-rule of law countries. You can see it right now in the shift to policy in the Biden administration to more forcefully try to contain China's technology advances. The interesting larger policy question is: Who's going to follow suit, who's going to following the Chinese view of how the global economy should work?

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