New Disruption Will Come From Robots, Not Chinese

How does one explain the current political divide? In part, this is done by looking at winners and losers in the process of globalization, a recent Barclays report noted. “The middle class in advanced economies whose income stagnated.” In fact, those that “voted for Trump” have seen the sharp end of the sword, while “global elites” who benefit from capital mobility have flourished. While this is the headline that has ushered in a wave of populism across the developed world, there is a bright side to trade theory and benefits will accrue all, Barclays researcher Christian Keller reassures that in this age of hyperglobalization this too shall pass.

The history of...

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