“Globalization is like fire: It can cook your food, keep you warm or burn your house down.”
That’s according to John Manzella, a nationally syndicated columnist on global business and economic trends, who this month offered his insight at SiteSelection.com. Despite predictions that global trade will see large declines this year — and that U.S.-China trade will further deteriorate long term — Manzella says globalization is evolving, not dying. Advances in technology and automation, along with booming markets in Asia, Latin America and Mexico, point to continued globalization.
“The key to future U.S. economic growth and job creation lies in our ability to innovate new products … and deliver them to the world’s consumers,” Manzella concludes. 5/27/2020