Global Economic News Digest
The Hidden Threat to Globalization: Why the Developing World Is Turning Against Free Trade
03 dec 2021
author: Niccolo W. Bonifai, Irfan Nooruddin, and Nita Rudra
source: Foreign Affairs.
Why the Developing World Is Turning Against Free Trade
Globalization has lost its shine in wealthy countries, particularly among low-skilled workers. From 2002 to 2018, for instance, support for free trade fell significantly in Japan, the United States, and many European countries, driven largely by rising hostility toward free trade among the poor and working classes. Among low-skilled workers in Italy, opposition to free trade grew from nine percent to 28 percent during that period, and it more than tripled among the same group in France. Disapproval among this demographic more than doubled in Japan and in the United States, causing overall support for free trade to fall by more than ten
Link: Foreignaffairs