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"Discipline globalization and help victims more"

2021-03-08T06:16:30.941Z


CHRONICLE - In a documented and costed book, Lionel Fontagné, professor at the Paris School of Economics and advisor at the Center for Research on International Economy, explains the destabilization caused by globalization.


"The payroll and the cart"

or the two sides of globalization.

Who are the winners and losers in the acceleration of trade flows over the past twenty years, driven by the lowering of customs barriers, the entry, in 2001, of China into the World Trade Organization and the lower costs of maritime transport thanks to technological progress?

On the one hand, explains Lionel Fontagné in a documented and quantified work, which is based on numerous works, globalization destabilizes labor markets because of competition from low-cost countries, and on the other hand it offers purchasing power gains thanks to the inexpensive products that fill our shopping carts.

On average, the savings for a French household amount to 100 euros per month.

Yet, poll after poll, opinion polls highlight the negative perception of Europeans, and even more so of the French.

Three quarters of them think that globalization increases inequalities

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Source: lefigaro

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