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Globalisation: Still the Best Chance for the World’s Poor

The Guardian recently published an editorial reiterating many of the concerns of both the populist right and regressive left: that ever-greater global integration and competition has been to the benefit of the few, whilst inequality increases amongst the poor. In one sense, this sentiment is correct – we should care about how global trends affect outcomes for the most disadvantaged; but this is exactly why we should embrace globalisation. Individual nations, and the world as a whole, are miraculously better off due to the increasing free-flow of goods, knowledge, and people, even as certain sectors are harmed by the side effects of this creative destruction.