Brexit and the rapid rise of populism in Western societies are symptoms of a problem decades in the making: Globalization has left many people worse off. Diane Coyle, an economics professor at the University of Manchester, sees the current political crisis as a window of opportunity for policy change. Failure to address the economic discrepancies that globalization causes, she warns, can have disastrous political consequences. Her suggestions remain superficial, but – while always politically neutral – getAbstract recommends her timely wake-up call to policy makers and concerned citizens.
In this summary, you will learn
- How policy makers failed to recognize that globalization has left many people worse off,
- Why the socioeconomic consequences of globalization undermine Western democracies,
- How policy makers can enable everybody to benefit from the new economic opportunities globalization and automation create.
About the Author
Diane Coyle is a professor of economics at the University of Manchester and founder of Enlightenment Economics, a consultancy specializing in economic issues related to new technologies, innovation and competition policy.
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2 years agoAny public initiative that leaves a swath of people behind is a 'loosing' initiative to start with. Makes one wonder - who really did benefit from such Globalization - the 1% few, or the article makes an incorrect presumption?