Monday, December 26, 2016

To Understand 2016’s Politics, Look at the Winners and Losers of Globalization

https://newrepublic.com/article/139432/understand-2016s-politics-look-winners-losers-globalization

From the site:

Let’s start with the obvious question. Does the elephant graph explain Brexit and Trump?

Yes, I think that it largely does explain Brexit and Trump. Why? Because it shows in very stark terms that people in the lower parts of rich countries’ income distributions have seen fewer benefits of globalization compared both to the people in Asia against whom they often compete in global supply chains and compared to the people in their own countries’ tops of the distributions. You just cannot undo these two facts.

No comments:

Post a Comment