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Foreign Policy Live

The End of Globalization?

Foreign Policy Live

Foreign Policy

News Commentary, News, Politics

4.1622 Ratings

🗓️ 25 April 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

The rollout of the Trump administration’s tariffs has rattled markets, prompting questions of what these protectionist policies mean for the global economy moving forward. Two top experts on globalization join FP Live to share their thoughts. Elisabeth Braw is an FP columnist and the author of Goodbye Globalization: The Return of a Divided World. And Eswar Prasad is a trade scholar and professor at Cornell University. We want to hear from you! Help us shape the future of FP Live by sharing your thoughts on the show by clicking here. Contact us anytime at live@foreignpolicy.com. Suggested reading (FP links are paywall-free): Transcript: Is the World Going to Deglobalize? Elisabeth Braw: What’s the Cost of Doing Business Under Trump? Eswar Prasad: The World Will Regret Its Retreat From Globalization Joseph E. Stiglitz: Play by the Rules Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:01.7

Hi, I'm Ravi Agrawal, Foreign Policies Editor-in-Chief.

1:06.4

This is FP Live.

1:10.7

So we've all been focused on trade recently.

1:13.9

Trump's tariffs are going to have massive impacts on China and the United States.

1:18.3

We all know this.

1:19.8

But we also wanted to know what happens to everyone else.

1:24.1

What happens to smaller-sized economies that have really come to depend on free trade

1:30.3

in an interconnected world? To put it more provocatively, are we seeing the end, or at least the

1:36.5

beginning of the end, of globalization? Now, globalization probably reached its peak sometime

1:43.7

between the 1990s and the early 2000s.

1:47.2

Back then, free trade was unabashedly seen as a good thing.

1:51.6

And then the so-called China shock, when low-cost Chinese exports flooded global markets.

...

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