The year 2003 was in many ways a disaster for globalization. America and its "coalition" of the willing went to war in Iraq without the support of the UN, and the World Trade Organization meeting at Cancun--which was supposed to provide the impetus for a successful conclusion of the Development Round of trade negotiations--ended in failure. 2004 will almost surely be better, for political globalization as well as for the global economy. But don't look for a banner year.
The year 2003 was in many ways a disaster for globalization. America and its "coalition" of the willing went to war in Iraq without the support of the UN, and the World Trade Organization meeting at Cancun--which was supposed to provide the impetus for a successful conclusion of the Development Round of trade negotiations--ended in failure. 2004 will almost surely be better, for political globalization as well as for the global economy. But don't look for a banner year.