Globalisation has stalled over the past decade so it should not be blamed for the rise in inequality seen since the financial crisis, according to research by the OECD’s former chief economist.
Catherine Mann, now global chief economist at Citi, said her research, published by the investment bank on Sunday, showed that global integration had peaked according to many measures some time ago.
With public opinion becoming increasingly hostile to globalisation, even its proponents have started to pay more attention to its ill-effects. World leaders, including US president Donald Trump and some economists, have blamed globalisation and international trade for rising inequality and job losses in many industries.
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