Has Globalisation Turned Its Back On The People?

While globalisation is not a new phenomenon, it has intensified over the past few decades as a growing number of major players have joined global trade and financial flows have risen sharply.

Middle-class income stagnation in the United States, unskilled job losses in industrialised countries and the 2008 financial crisis have all contributed to a sense of distrust of globalisation among people today, leading them to vote against it.

Does the globalisation of trade and finance drive prosperity, both at the national level and for individuals?

Has effective redistribution occurred? If not, are we in a position to offer viable prospects to those who may lose out, even as the country as a whole benefits?

Should the game rules that govern globalisation be revised to restore people’s trust? What role do international institutions have to play in the process?