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.

How has the distribution of gains from trade affected the middle class in developed countries?

What are the main reasons for the rise of anti-globalization sentiments post-2008?

What role does the availability of credit play in the economic comfort of middle and lower-income individuals?

Discuss the impact of financialization on the economies of developed countries.

In what ways have political campaigns like those of Trump and Sanders influenced public policy regarding trade?