Looking Inward in an Age of Globalization

The world is now experiencing a searing example of the speed at which a U.S. financial breakdown spreads globally. The concern is that most G-20 countries that together represent the bulk of world GDP and international trade are looking inward, even as it becomes increasingly evident that we are living in an age of globalization.The stress in this paper will be on the United States, although it is by no means unique in looking inward.