The merger of two major North American railroads will create a rail network that reaches both coasts and runs through the middle of the continent. The long-sought combination of Canadian Pacific and Kansas City Southern promises to make a seamless, faster supply network that will benefit Canada, Mexico ... READ MORE >
free trade
Friend-shoring and a new era of U.S. trade
The era of hyper-globalization ended with the trade war that began in 2017. In its place, global trade flows have fragmented to the point that by November 2022, U.S. trade with Mexico and Canada had surpassed China. In addition, as political risk has increased around the world, including the recent ... READ MORE >
The post-pandemic era and the end of hyper-globalization
The American economy is in the midst of a long-lasting structural change following the severe shocks unleashed by the pandemic. The hyper-globalization that has dominated the global economy over the past 30 years is giving way to an era of regionalization that is radically altering the flow of ... READ MORE >