Has globalisation gone too far? Globalisation is good – for almost everyone. This was the mainstream judgement for a long time. But the wind has changed. More than a year after the “leave” vote and a new USadministration taking office, the discontent with globalisation seems to be almost everywhere.
Do Brexit and the new US trade policy threaten to reduce overall economic welfare as they turn back globalisation? Or has globalisation gone too far? Has it created wealth for a few, while creating many losers among the broader population? Well, globalisation is both good and bad. On the one hand, global economic integration has contributed to greater prosperity in many countries.