Globalization, the US Economy, and Political Backlash


February 29, 2024, 1:00 PM to 2:00 PM EST
PIIE Webcast, Washington, DC
Peter Orszag (Lazard), Cullen S. Hendrix (PIIE) and Helen V. Milner (Princeton School of International and Public Affairs)

Panel discussion sponsored jointly by the Peterson Institute for International Economics (PIIE) and the Princeton School of Public and International Affairs (SPIA)

Event Summary

Political support for the globalization of the American economy seems to have fallen dramatically in the past decade. While from the start of Ronald Reagan's presidency (1980) through the end of that of Barack Obama (2016), both American political parties supported open global markets; this has changed since Donald Trump's presidency. The global financial crisis, economic distress in various regions at home, new geopolitical concerns with China and Russia and others, as well as attempts to address climate change have altered the political environment for international trade, foreign investment, labor migration, and technological exchange. Are the United States and the world de-globalizing? What is the nature of the political backlash against globalization in the United States today? How will the presidential election of 2024 affect all of this?

SPIA director Zach Vertin and dean Amaney A. Jamal lead with opening remarks. Lazard CEO and PIIE board member Peter R. Orszag moderates the discussion. The panel features PIIE senior fellow Cullen S. Hendrix and Helen V. Milner, director of the Niehaus Center for Globalization and Governance at the Princeton School of International and Public Affairs.


Peter R. Orszag 
Chief Executive Officer, Lazard


Cullen S. Hendrix
Senior Fellow, PIIE

Helen V. Milner 
Director of the Niehaus Center for Globalization and Governance, Princeton School of International and Public Affairs