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The Unequal Effects of Globalization

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From a former Chief Economist of the World Bank, a brief, balanced, and sobering discussion of globalization trends, their drivers, and effects on inequality.

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist ...