Discussions over the possible policies of the new US administration have begun rising. Americans are still internationalists at heart, and they don’t support isolationist foreign policy, Robert Zoellick, a former World Bank president, wrote in a recent opinion piece.
As the US transitions to the next administration, will it come back to the multilateral mechanisms? How will the current rivalry between globalization and de-globalization in the world change?
For starters, economic globalization is an objective reality and historical trend. Although unilateralism, protectionism and isolationism are on the rise in some countries, causing headwinds and undertows against economic globalization, the trend of globalization hasn’t been reversed. This is because globalization is an objective demand of growth of production and an inevitable result of technological progress.
The drivers for globalization have changed from governments…