Globalisation: the downside*

“Globalisation is not delivering widespread economic growth. Slow growth, rising inequality and widening income gaps between North and South are becoming permanent features of the world economy.“The rich have gained everywhere and not just in comparison to the poorest sections of society. The ‘hollowing out’ of the middle class has become a prominent feature of many developing and developed countries. Increased job and income insecurity is spreading … labour shedding and wage repressio…

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