The globalization myth ...Middle East

Globalization is taking a beating. Its diminishing number of defenders face a rising chorus of critics, particularly in the United States, that blame it for wage stagnation, increased inequality, and the hollowing out of once vibrant industrial towns. Yet these often acrimonious debates miss the real underlying trend in trade of the last 40 years: As companies and money went abroad they regionalized more than they globalized. This misunderstanding is now leading to the wrong prescriptions from those who want to help U.S. companies, workers, and communities that have suffered in recent years. The path to stronger and more inclusive growth isn’t less globalization, it is more regionaliza

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