Populists say that globalization has benefited only large corporations and their stockholders at the expense of workers who are losing good jobs to globalization’s trade imbalances, inefficiencies, and corruption. Although there is no way that national populism today could stop globalization, endless trade disputes can slow economic growth and create political risks for President Trump’s re-election.

Roy C. Smith is the Kenneth Langone Professor of Finance Emeritus at New York University Stern School of Business.
Economic PolicyEconomyInternational Economics and DevelopmentNationalismPhilosophy and ReligionTrade
Other Independent Review articles by Roy C. Smith
Summer 2018 China’s Next Ten Years
Fall 2016 Is China the Next Japan?
Spring 2016 Understanding a Cuban Transition
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