Global Elites Step Up Defense of Openness as Populism Rises
- Help needed for those hurt by globalization, IMF panel says
- World recovery remains slow and uneven, according to statement
The Globalization Backlash
This article is for subscribers only.
Global policy makers are stepping up their resolve to combat an isolationist backlash that threatens to undermine years of opening borders to trade and investment.
“The global economy has benefited tremendously from globalization and technological change,” the IMF’s top advisory panel said in a communique released on Saturday after meeting in Washington. “However, the outlook is increasingly threatened by inward-looking policies, including protectionism, and stalled reforms.”