Globalization is in Crisis But it Can Work For Everyone
Just as climate change worsens existing vulnerabilities such as food poverty and water shortages, trade amplifies weaknesses in the social fabric.
In regions where people have fallen behind economically due to political neglect and technological change, it is jobs lost in the face of import competition that make the headlines.
The appeal of Donald Trump and Brexit had much to do with deep grievances felt by those attributing their social problems to the negative impacts of openness and competition from shores afar.
Yet the costs of doing away with globalization and our open-trading system could far exceed any benefits. This is why, in 2021, the World Trade Organisation (WTO) will begin its metamorphosis into an organization that puts social issues at its heart.… Seguir leyendo »