November 17, 2021
Economy

COVID-19 has shone a light on how globalisation can tackle inequality

By Sylvanus Kwaku Afesorgbor, University of Guelph; Binyam Afewerk Demena, International Institute of Social Studies, and Peter A G van Bergeijk, International Institute of Social Studies Ontario/The Hague, Jun 17 (The Conversation) Globalisation is a multifaceted concept that describes the process of creating networks of connections around the world. It involves the interdependence of national economies and the integration of information, goods, labour and capital, to name a few.

In recent years, globalisation has been the subject of growing discontent and criticism, particularly after the election of former US president Donald Trump, Brexit and the American refusal to appoint members to the World Trade Organisation’s Appellate Body.

The backlash represents a major setback to the pace of globalisation and sets the stage for growing protectionism and nationalism around the…

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