A Cheerleader for Globalization Has Second Thoughts
A new study from the McKinsey Global Institute finds that changes in the world economy have left many people worse off.
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For years, the McKinsey Global Institute has been leading the charge for globalization, publishing research on the virtues of free trade, open data flows, cross-border investment, and liberalized immigration.
"The core drivers of globalization are alive and well," the think tank of American consultancy McKinsey & Co. wrote in a 2010 study, while the world was still recovering from the financial crisis. "To be unconnected is to fall behind," its researchers wrote in 2014.