Danny Roderick

Is (De)globalization Ahead?

Adam Posen, Dani Rodrik, Jim O'Neill, Alison Nathan, Danny Roderick

At a recent economic symposium, Adam Posen, Danny Rodrick, and Jim O'Neill debated whether the post-Cold War era of globalization is facing a reversal or merely a structural shift driven by the Ukraine war and pandemic. While Posen and Rodrick warn that geopolitical friction is fragmenting the global economy into U.S. and Chinese blocs that may reinforce secular stagnation, O'Neill counters that trade growth has recently accelerated and argues for profit-focused reforms to address inequality. The consensus suggests that future economic stability will depend less on international trade frameworks and more on domestic policies prioritizing labor rights, technology dissemination, and the mitigation of inequality.