Globalization Faces Its Next Crisis

New York Times: “The consequences of upending commerce in much of the Middle East are far broader, and increasingly apparent in industries beyond energy. From industrial commodities to tropical fruits, products needed in one place are getting stuck somewhere else. The longer the hostilities persist, the greater the upheaval for shoppers and businesses throughout the global economy.”

“The reverberations amount to a rebuke of the notion that globalization is history, a claim popularized by nationalist movements on multiple continents.”