Finding an Alternative to Populist Trade Policies
There is a significant side-effect of the evolving world economy as governments have lost the ability to influence their national economies. While that may please libertarians, it leaves an unsustainable vacuum, risking a vicious cycle of failed promises. The political space must be the forum for arguments on how a country should operate. Citizens, however, feel a lack of control. David Henig suggests in his article for the
European Centre for International Political Economy that unless politics and economics are back together, the world will see deepening fragmentation as countries respond to the demands of politicians for locally-made consumer products to obviate the risk of supply disruption. Confusion will deepen as countries oscillate between considering new technology an opportunity or threat. Populism will thrive amidst the uncertainties.
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