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Harold James: In Defense of Globalization
February 23, 2023
IMF historian Harold James says globalization offers an antidote to inflationary pressures. (IMF photo)
The longtime critics of globalization are having another moment, claiming supply chain shortages, high inflation, and increasing migration are products of an overly globalized world. But history suggests more globalization- not less, can help counter those disruptions in the global economy. Harold James is a professor of history and international relations at Princeton University. In this podcast, James says globalizing and getting more production from more distant parts of the world has been a crucial part of getting inflation down in the late 20th century. Transcript
Look for In Defense of Globalization in the March issue of Finance and Development.