CLICK HERE TO JOIN OUR WHAT’S APP GROUP
by Professor C. Justin Robinson.
Few topics ignite more partisan heat than globalization. For decades, Leaders in the United States (U.S.) have blamed it for shuttered factories, lost jobs, and stagnant wages.
From Ross Perot’s “giant sucking sound” in the 1990s to Donald Trump’s “America First” tariffs, the political narrative has been straightforward: globalization hurt the United States. But like most convenient stories, this one is only half true.
Yes, globalization disrupted American manufacturing. It forced painful adjustments in factory towns and exposed weaknesses in social safety nets.
However, it also provided America with cheaper goods, sparked innovation, and helped the U.S. maintain its global economic leadership.
The uncomfortable truth is this: globalization was not the problem. The failure to manage it was.
The Numbers Do Not Lie — The U.S. Is Wealthier
Let’s start with the facts. Since the 1970s, U.S. per capita income has more than doubled—from $26,000 in 1970 to over $65,000 in 2023. Real GDP grew steadily, even after accounting for slower growth post-2000.
And despite fears of a global “race to the bottom,” the U.S. unemployment rate fell from over 6% in the 1990s to around 3.6% today. That is not what national decline looks like.
Critics often point to the disappearance of manufacturing jobs—about five million lost since 2000. But this does not tell the whole story. Manufacturing output increased during the same period, thanks to advancements in automation, robotics, and efficiency improvements.
Meanwhile, the economy added millions of jobs in technology, healthcare, and the service sector. Globalization did not kill jobs. It changed them.
Where It Went Wrong: Inequality and Inaction
So why does it feel like something went wrong? Because it did—just not in the way populists claim. While globalization expanded the economic pie, it did not slice it evenly.
The top 1% have seen their incomes soar by over 200% since 1980. The bottom 50%? A modest 40% gain. Median wages remained flat for years, especially in communities without access to higher education or technology jobs.
The result was a tale of two Americas: coastal cities booming with opportunity, while rural towns and industrial centres faded into economic uncertainty. This was not inevitable.
Countries like Germany invested in retraining and built support systems to help workers transition. The U.S. did not.
Washington failed to plan for the future. It pushed for free trade agreements without mitigating the impact. It dismantled unions, underfunded job training, and ignored the warning signs from Main Street. Globalization was not the villain. Neglect was!
The Tariff Trap: Fighting Yesterday’s War
President Trump’s tariffs in his first term were sold as a way to “bring jobs back home.” In reality, they made steel more expensive, disrupted supply chains, and hurt small businesses.
His successor, President Biden, retained many of those tariffs—despite minimal reshoring and rising costs for American consumers. Trade wars may win votes, but they rarely win economic battles.
And even where jobs have returned, automation has taken over. The factories coming back need far fewer workers than the ones that left.
Meanwhile, reducing immigration has created labour shortages in agriculture, logistics, and technology—sectors where American competitiveness depends on a robust and diverse workforce.
Where We Go From Here
Globalization is not going away. Instead, it presents an opportunity for us to shape it in a way that benefits more people. The potential is there, we just need to seize it.
That means:
- Investing in people, not just industries. Job retraining, apprenticeships, and community colleges need actual funding and leadership.
- Strengthening the safety net, including portable benefits, wage insurance, and mobility support for displaced workers.
- It is time to negotiate smarter trade deals that protect labour rights, the environment, and fair competition. This will ensure that our international trade is not just beneficial for the economy, but also for the people and the planet.
- It is crucial that we Tell the truth, even when it is complicated. The world has changed, and protectionism will not bring back the past. By understanding and accepting this, we can move forward with informed decisions and actions.
The Real Reckoning
Globalization did not hollow out America. It revealed what was already hollow. The failure was not in trading with the world—it was in not preparing people for it.
As we look to the future, we must stop chasing the ghosts of a pre-globalized past and start building a fairer, forward-looking economy. One that includes the factory worker, the tech coder, and everyone in between.
Because the real test of a nation is not whether it can insulate itself from change—but whether it can rise with it.
Prof. C. Justin Robinson, a Vincentian and UWI graduate, holds a BSc in Management Studies, MSc in Finance and Econometrics, and PhD in Finance. With over 20 years at UWI, he has served in various leadership roles, including Dean and Pro Vice Chancellor, Board for Undergraduate Studies. A Professor of Corporate Finance with extensive research publications, he is actively involved in regional financial institutions and is currently the Principal of The UWI Five Islands Campus in Antigua and Barbuda.
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
CLICK HERE TO JOIN OUR WHAT’S APP GROUP
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
A very interesting article, we need more of this type of articles in ANR.
Excellent article.
I am not kidding, I enjoyed reading this. Really intellectual piece. I have a lot of immigration cases so I did not complete this piece but I sure will.
The writer, wow.
He needs to send a copy to Trump and his cronies in washington.
It is always easy to like an article written with such thought and clarity, especially when written with brief, meaningful words. Bravo Professor Robinson..
World Peace through World Trade.
Great article indeed. As indicated globalization is nothing new. Even the emergence of the Atlantic slave trade was an example of globalization. The problem with America they have been dealing with the symptoms and not the root causes of being overtaken by the industrial development of Europe and China for example. They have now resorted to tariffs to address the imbalance of trade between them and the rest of the world as if that is the solution. While tariffs might be a minor component of the wider international trade issue, America needs now to build a better mouse trap and stop the whining with its leader Donald Trump.
It is so refreshing to read an opinion of an intellectual. Rather then the garbage published here by persons such as Audley Phillip, who has no clue of what he is talking about and runs his mouth on any and every thing.
Professor I thank you for sharing your intellectual opinion with us. I trust you will continue to do so. It will raise the standard here on this website and also among your students. Please encourage them to read and also comment and challenge you as well.
This time around I will give you a pass and not challenge your opinion on GLOBALIZATION. Who invented it and why? This was a discussion way back in my university days when the European Union was formed. Remember it started with Belgium, Nederland and Luxembourg and the OECS started shortly thereafter if I’m not mistaken. But we discussed and debated it. And therefore I was not surprise that it didn’t worked for England to be part of the European Union. With one currency the EURO. It was a bold step in Europe at that time. But let me leave it here. Thanks once again for sharing your opinion. I look forward to another article soonest.
Suggestion: Would you mind starting a pannel discussion on ABS or UWI TV on the economies in the Caribbean and what people need to do and look forward to do. I think especially the business community of the OECS need to be educated.