Globalization: Are You In or Are You Out?

G20 trade wording considered a setback for export champion Germany

http://www.reuters.com/article/us-g20-germany-idUSKBN16Q09D

“Acquiescing to an increasingly protectionist United States after a two-day meeting in the German town of Baden-Baden, the finance ministers and central bank governors of the 20 biggest economies dropped a pledge to keep global trade free and open.”

This was a blow-back to Germany which is a major exporting country. We’ve been talking in class about how Germany might assume the role of leadership since the US is no longer reliable. But what happens if their economy starts failing because of anti-globalization movements?

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