The term “reglobalization” emerged as “cracks started to appear in the facade of happy globalization,” said Roland Benedikter, co-head of a research center in Italy and an editor of “Globalization Past, Present, Future.”Globalization itself took off in the 1990s, as technological advances made it easier and cheaper to do business internationally. China’s admission to the World Trade Organization in 2001 seemed to cement the era. Enthusiasts have believed this interdependence would deepen as technology evolved, improving quality of life for all. But the global migration crisis and swelling wealth inequality prompted experts to reconsider, Benedikter said. For the W.T.O., “reglobalization” is a more inclusive vision, linking trade and climate policies and extending economic ties so that more populations benefit.

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Persons: ”, Roland Benedikter, Benedikter Organizations: World Trade Organization Locations: Italy