The Potential Risks and Butterfly Effect of Economic Globalization

The Potential Risks and Butterfly Effect of Economic Globalization
World leaders attend a working session on the Global Economy at the G20 Summit in Antalya, Turkey, on Nov. 15, 2015. Saul Loeb/AFP/Getty Images
Cheng Xiaonong
Updated:
Commentary

In the past year, various potential risks of economic globalization have gradually surfaced. A series of events raised the alarm, including the COVID-19 pandemic, the U.S.–China cold war, the global semiconductor shortage, skyrocketing shipping costs caused by a global shortage of containers, and the unexpected blockage of the Suez Canal.

Cheng Xiaonong
Cheng Xiaonong
Contributor
Dr. Cheng Xiaonong is a scholar of China’s politics and economy based in New Jersey. Cheng was a policy researcher and aide to the former Party leader Zhao Ziyang, when Zhao was premier. He also served as chief editor of the journal Modern China Studies.
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