Tuesday, June 05, 2018

A balanced approach towards globalisation

I will be attending an ISEAS seminar on the regional trade blocs, i.e. CPTPP and RCEP.

I intend to ask this question to the presenter:

TKL - Mr. Speaker. In your talk, you assumed that free trade and globalisation is good for the world. But we should also consider the negative aspects of globalisation that led to stagnant wages, unemployment, and large inequality in income and wealth?

This has caused a strong reaction and led to the election of Donald Trump in America and the big swing towards Labor in the UK.

Should economists now focus on the negative aspect of globalisation and look for a new arrangement that beneft all the stake holders and not just the big corporations?

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