Near-shoring, friend shoring, decoupling, and fragmentation are reshaping the global economic order. Dadush carefully analyzes the underlying drivers and consequences of these processes. The many pressures on the open trading system stem from the economic and geopolitical rivalry between the United States and China, the populist backlash to globalization that has given rise to American protectionism, and the World Trade Organization’s restrictive and outdated rules. It is still possible that