Is Globalization Really Fueling Populism?

An angry populism – a belief that ordinary citizens, not elites, should control government while avoiding centrism and compromise – is on the rise in Europe and the United States. Daniel Gros questions the suggestion that the so-called losers of globalization are fueling such populism, suggesting the trends are not new. Inequality in education levels is not new, and workers with more education have long attracted higher wages. The proportion of unskilled workers to educated workers has actually declined in recent years. He points to two sides to populism – a hardline version that opposes immigration, while embracing nationalism and severe cuts in government programs and a leftist version that endorses unrealistic subsidies and benefits. The essay concludes that globalization and modern challenges are complex. Governments must respond, regulate and recalibrate on the many connections. Voters should not trust the candidates who suggest the fixes are quick, easy or obvious. – YaleGlobal

Is Globalization Really Fueling Populism?

Voters are angry that governments don’t provide quick fixes; globalization and modern challenges are complex, and governments must regulate many connections
Daniel Gros
Monday, May 9, 2016

Read the article from Project Syndicate.

Daniel Gros is director of the Brussels-based Center for European Policy Studies. He has worked for the International Monetary Fund, and served as an economic adviser to the European Commission, the European Parliament, and the French prime minister and finance minister. He is the editor of Economie Internationale and International Finance.

© 1995 – 2016 Project Syndicate

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