The Age of Globalization: Dhaka Tribune

The recent embrace of populists and protectionism reflects an overall decline in trust and worries about trade and differences in general. “Unemployment, relocation, poverty, and inequality -- for many people, these are the consequences of a process of global integration, which more and more think has gone too far,” writes Arafat-Al-Yeasin for the Dhaka Tribune. Globalization is the scapegoat, and populist politicians exploit the fears, targeting immigration, trade and progressive ideas. Still, new technologies allow unprecedented exchanges of international data and communications, and numerous businesses depend on a global customer base. Examples: Eight out of 10 readers of the Financial Times reside outside the United Kingdom, and platforms like Alibaba serve entrepreneurs from around the globe. While populists focus on protecting production of goods, international trade in services continue to expand, and countries pursue detailed trade agreements for economic growth. – YaleGlobal