Global Backlash: Is it Time to Rethink Our Approach to Trade?
In this edition of 5 Minutes for Business, Hendrik Brakel, our Senior Director, Economic, Financial and Tax Policy, looks at the numbers behind the rhetoric on trade. The overarching theme at last week’s Republican convention was one of anger at an economy that is supposedly “not working.” Donald Trump’s biggest applause even came when he slammed trade and immigration.
And yet this is not just an American phenomenon. These themes would have been familiar to the British who voted for the Brexit or in France, Austria, the Netherlands, Poland, Switzerland, Denmark and Sweden where extreme-right parties are leading in the polls. So why are voters so angry? Have trade and globalization gone too far?
Read 5 Minutes for Business to find out.