It's The End Of Globalization As We Know It

[Riddick]

Evidence is everywhere. Key forces of globalization—rising international trade and capital flows—have stalled out. In many senses, they’re foundering on a tricky bit of globalization that is now a snag between the EU and the US: The flow of people.

The movements of people in recent decades has pushed the political limits of globalization in the rich world. And the failure of globalization to generate real gains for a majority of the population in rich nations comes alongside the anxiety that’s now being expressed in opposition to both immigration and other elements of free-trade focused ideology.

It’s only now, in the aftermath of all that globalization and its failure to produce the benefits sold to voters in relatively affluent nations, that we’re seeing the very real backlash against the last 25 years of pro-globalization economic ideology.

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