Professor Ian Goldin explores globalisation, and asks how far the world is fragmenting politically and economically, and what the consequences of that could be. Since around 1990, with the end of the Cold War, the opening of China, global agreements to reduce trade barriers and the development of the internet, there has been a dramatic acceleration of globalisation. But its shortcomings are under the spotlight. Governments are making policy choices that protect their industries, and there’s a knock on effect on other countries and consumers around the world. How can the challenges be addressed? With contributions from: Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation. Minouche Shafik, President and vice-chancellor of the London School of Economics Zanny Minton Beddoes, Editor of The Economist Rana Foroohar, Financial Times commentator and author. Kishore Mahbubani, former Ambassador to the UNCredits: CBS News, 24.09.19 – Donald Trump addressing the UN General Assembly in New York, pushing his ‘America First’ agenda. Conservative party, 02.10.19 – Boris Johnson at Conservative party conference ‘Let’s get Brexit done.’ The White House, 04.03.22 – Joe Biden announce his ‘Made in America’ commitments. World Economic Forum, 18.01.23 - German Chancellor, Olaf Scholz, addresses the World Economic For in Davos, warning of the dangers of de-globalisation. BBC Newsnight,19.02.97 - Reporter Mike Robertson, reports on Xiao Ping’s economic legacy. BBC interview, 2005 - Tim Berners Lee describes the creation of the worldwide web. BBC Newsnight, 10.11.89 – reporter piece from the Berlin Wall. BBC Radio 5Live, 26.01.23 – Latest UK car manufacturing figures from 5Live presenter Rachel Burden and detail from BBC Business editor, Simon Jack. Courtesy, Ronald Reagan Presidential Library, 26.11.88 – Ronald Reagan’s radio address to the nation where he reminds the US to be thankful for economic prosperity generated by global trade. Courtesy, William J. Clinton Presidential Library, 28.01.2000 - President Clinton addresses the World Economic Forum about the connections between the global economy and US prosperity.

Rana Foroohar, a global business columnist for the Financial Times and co-author of the Swamp Notes newsletter, joins to unpack today's pressing political landscape. The discussion dives into the Democratic party's struggle to gain traction and how Trump's return could shift dynamics. Interesting insights emerge on investor enthusiasm for American stocks amidst concerns of a market bubble. They also explore the geopolitical implications of Trump's leadership style and the U.S.'s fraught relations with countries like Iran and China.

James Politi, Washington Bureau chief for the Financial Times, and Rana Foroohar, global business columnist, dissect the recent Republican victory in the elections and the significance of economic sentiment among voters. They analyze Trump's disruptive economic agenda and its potential implications, including tax cuts and rising inflation. The conversation touches on the Democrats' struggle to connect with working-class voters and the historical patterns of market reactions following electoral outcomes, hinting at economic challenges ahead.

For a period of time, going global just seemed to make sense. But with China’s rise, Covid-19, and the war in Ukraine, words like “localnomics,” “friends-shoring,” and “decoupling” have helped codify a growing movement that calls for less interdependence between economies. Those in favor of a more “deglobalized” system of trade argue that it is not only more environmentally friendly and responsive to regional needs, but also less of a driver of income inequality. Indeed, globalization’s three-decade trend of trade growing at twice the speed of the world economy has not lifted all boats, they argue. For many, including middle income populations in the industrialized west, it has backfired. Deglobalization is a welcome a shift. Others disagree. Globalization’s virtues are unmistakable, they say, resulting in less poverty and higher incomes across the world. People once cut off from markets benefit from new connections in commerce, culture, and communications. For them, it has not backfired. In fact, in the face of political challenges and volatile markets, more regionally-focused trade constitutes a dangerous circling of the wagons. In this context, we ask the question: Has Globalization Backfired?   John Donvan, Host and Moderator, Intelligence Squared U.S.  Arguing “YES” – Rana Foroohar, Global Business Columnist, Financial Times; Author, “Homecoming: The Path To Prosperity In A Post-Global World”    Arguing “NO” – Parag Khanna, Founder & CEO of Climate Alpha and Founder & Managing Partner of FutureMap Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rana Foroohar, a global business columnist for the Financial Times, and James Politi, the Washington bureau chief for the Financial Times, discuss the implications of Tim Walz as Kamala Harris's VP pick. They explore how Walz's relatable style could energize Democratic voters, especially in swing states. The conversation delves into the evolving priorities within the party, balancing progressive values against potential critiques. They even share a personal moment discussing their favorite state flags, adding a lighthearted twist to the political discourse.

Amazon has come a long way since online book sales. In fact, when it comes to revenue, Jeff Bezos’ creation is the world’s biggest internet-based company. But what makes the "everything store" so ubiquitous? In large part, it’s the small and medium-sized businesses that use the platform to sell their goods. This year, more than 1.9 million of these businesses participated in its marketplace, which accounted for some 60 percent of Amazon's retail sales. But was it ultimately good for them? In the midst of this historic transition in shopping, that's our debate: Is Amazon good for small business? Debating in favor of the motion is Mark Jamison, economist at the American Enterprise Institute, with Kunal Chopra, tech executive and former Amazon GM. Arguing against the motion is Rana Foroohar, global business columnist at the Financial Times and author of “Don’t Be Evil”, with co-director of the Institute for Local Self-Reliance, Stacy Mitchell. Emmy award-winning journalist John Donvan moderates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.Mentioned in this podcast:Arizona court bans almost all abortions in Trump-Biden swing stateDonald Trump says abortion law should be left to statesSign up for the FT’s Swamp Notes newsletter hereTell us what you’re thinking about the US election!  Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Forbes Breaking NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Exploring the dynamics of union support for Biden in the upcoming election, Biden's efforts to win back workers, and the potential impact of unions on November's election. Discussing the historical role of unions in elections, the challenges union leaders face in supporting Biden, and the evolving demographics of labor leadership. Analyzing the influence of labor endorsements in key states, the significance of black voters and union workers, and a conspiracy theory related to Kate Middleton's photo.

Michelle Singletary, a personal finance columnist at The Washington Post, and Rana Foroohar, CNN's global economic analyst, join forces to address financial anxieties as 2025 begins. They dive into market volatility and the significance of keeping cash reserves. The duo highlights the disconnect between stock trends and everyday financial struggles while promoting multigenerational living. They also discuss Social Security's future amid reform talks and share strategies for navigating economic uncertainties and retirement savings in challenging times.

Michelle Singletary, a renowned financial expert, and Rana Foroohar, an insightful economic analyst, tackle pressing economic questions. They discuss the challenges of the current housing market, exploring refinancing options and the impact of rising mortgage rates on families. Innovative solutions like multi-generational living arrangements are proposed to combat housing affordability and student debt. They also emphasize the importance of viewing finances holistically, considering emotional aspects and the need for policy changes to support everyday Americans.