Is the Future of Economic Globalization in Doubt?

The video discusses the political implications of globalization, highlighting the stagnation of middle-class incomes in developed countries and the rise of movements like Brexit and Trump's campaign. It emphasizes the need for better income distribution from trade benefits and explores why elites haven't addressed this issue. The post-2008 recession and reduced credit availability are identified as factors for the recent anti-globalization backlash. The video also covers financial de-globalization, driven by increased domestic lending and reduced cross-border bank lending. Finally, it examines the impact of anti-globalization movements on public debate and policy.

What is one of the main reasons for the rise of political movements like Brexit and the Trump campaign?

• Technological advancements

• Economic disparity in the middle class

• Increased global trade

• Environmental concerns

How does outsourcing affect developed countries according to the discussion?

• It decreases profit margins for factory owners

• It results in job losses for factory workers

• It leads to higher consumer prices

• It increases job opportunities for factory workers

What was one of the factors that smoothed over economic difficulties before the 2008 crisis?

• Government subsidies

• Increased taxation

• Easy availability of credit

• High interest rates

What is a significant driver of financial de-globalization mentioned in the discussion?

• Increased international trade

• Cross-border bank lending

• Technological advancements

• Environmental policies

How have anti-globalization sentiments influenced public policy according to the discussion?

• They have pushed politicians to reconsider free trade policies

• They have had no impact on public debate

• They have led to increased immigration

• They have resulted in higher taxes