The consensus crumbles

The consensus crumblesThe economists who foresaw the backlash against globalisation AFTER the second world war, the leaders of the Western world tried to build institutions to prevent the horrors of the preceding decades from recurring. They sought to foster both prosperity and interdependence, to “make war not only unthinkable but materially impossible”. Their work has borne fruit. There has been

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グローバル化は世界の人々の収入を増やし有益なものだが､ナショナリズムの誘惑は増すばかり｡自由貿易の利益はかなり大きなものだが､その恩恵は薄く広がる｡逆に､その不利益は､一部の人々に集中する(続く)