Globalisation becomes more divisive as it advances – Dani Rodrik
Harvard economist says gains from trade may not outweigh redistributive problems
Globalisation tends to generate a stronger backlash as it grows stronger, as its effects in generating inequality and undermining workers’ rights come to outweigh gains from trade, Dani Rodrik said today (September 25).
The Harvard University professor said the gains from trade tended to tail off at higher levels of globalisation, but the “redistributive consequences”, concentrating income among a smaller group of people, continue to increase more or less linearly.
In this way, globalisation
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