Back to the Future: Is the World Heading Into a New Wave of Protectionism?

In the 1930s, the Great Depression reversed a long trend towards globalization: Borders were shut, trade was halted, and tariffs imposed. After the 2008 financial crisis, it initially seemed that this would not occur again. But free trade is now stirring strong political passions, with politicians and voters of all stripes blaming trade for rising unemployment. So are we heading for a new protectionist wave? Or is it possible to resurrect the free trade dream? Is free trade really as damaging for peoples' jobs as the critics fear anyway?

Festival: Aspen Ideas 2016

More on this Session

Share this page

Audio/Video: Entrepreneurship

In the 1930s, the Great Depression reversed a long trend towards globalization: Borders were shut, trade was halted,... See more
A reimagined capitalism requires a new kind of corporate leader—and a willingness to balance private incentives with... See more
In just over a decade, John Hickenlooper has gone from a craft-brew entrepreneur to mayor of Denver to governor of... See more
If the 20 years from 1995 to 2015 were shaped in significant measure by digitization and the rise of the Internet, what... See more
There is an insatiable demand for innovation and entrepreneurship to help individuals and companies thrive in a dynamic... See more
The spread of free enterprise has created a more dynamic, efficient, and competitive global economy, while the marvels... See more

Pages