Globalization significantly boosted S&P 500 firms' profitability, primarily through foreign sales, with a 47.4% increase in foreign profitability margins from 2003-2019. The partial reversal of ...
One of the reasons we founded RBA in 2009 was we thought the US market was entering, perhaps, the biggest bull market of our careers. However, our bullish view at the time was far from consensus.
Opponents of economic globalization often point to the ways it has widened inequality within nations in recent decades. In the United States, for instance, wages have remained fairly stagnant since ...