CAMBRIDGE – The world economy has seen globalization collapse once already. The gold standard era – with its free capital mobility and open trade – came to an abrupt end in 1914 and could not be resuscitated after World War I. Are we about to witness a similar global economic breakdown?
剑桥－世界经济已经见证了一次全球化的崩溃。金本位制时代——伴随着资本自由流动以及开放贸易——在1914年突然终止，并且在第一次世界大战后也没能得到恢复。我们将要见证另一个类似的全球经济崩溃吗？