A New Balance for the Global Age
The rise of populist, protectionist, and nationalist movements in recent years should not have come as a surprise, given the notable failures of free-market fundamentalism in the age of globalization. The danger now, however, is that without a new economic paradigm, the gains of globalization will be lost, while its ravages will continue.
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LONDON – Protectionist and “bring-back-control” movements will continue to flourish so long as globalization remains leaderless, lacks a human face, and advances like a runaway train careening out of control.