Taking Back Globalization
At Davos this year, the world’s economic and political leaders stand warned: do globalization better, or it will be derailed by the growing legions of the discontented. That means finally going beyond trade deficits and debt ratios to pay attention to the wider imbalances generated by unfettered globalization.
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DAVOS – The World Economic Forum’s annual gathering is normally little more than a toast to the benefits of increasing global GDP, trade, and investment. But this year’s meeting comes at a time when economic expansion can no longer be taken for granted, and when the uneven benefits of past growth are sparking mass social unrest.