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Tuesday, April 08, 2008

The political threats to globalisation

From Gideon Rachman's column in today's FT:

"The challenge to the globalisation consensus comes from below. Political elites in the US, Asia and Europe are struggling to convince citizens that globalisation is not just a game that benefits the rich. If the argument is lost in any of the major world economies, the political consensus that underpins globalisation could unravel......
Political leaders around the world are struggling to contain all these pressures and maintain the consensus that has made globalisation possible. But their task is getting harder. Globalisation was made possible by political change. But what politics made, politics can take away."

Let's hope so Gideon, let's hope so.

1 comment:

Nick said...

Quite so; so far as I'm concerned it's long outstayed its welcome (but then I'm only one of those who are 'below', so of course you'd expect me to say that).