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Sunday, April 1, 2018

The Paradox of Anti-globalization in 2018

Globalization’s Backlash Is Here, at Just the Wrong Time from the New York Times
"[Backlash] is coming after the major costs of globalization have already been borne. And it comes just as billions of people who have become integrated into the global economy over the last three decades are starting to become rich enough to become valuable consumers. In short, the anti-globalization drive that is spreading across the Western world may be coming at exactly the wrong time — too late to do much to save the working-class jobs that were lost, but early enough to risk damaging the ability of rich nations to sell advanced goods and services to the rapidly expanding global middle class."

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