Globalization has often been accused of causing the rise in populism and people voting against the establishment or the elite. All over the world, there is a worrying trend towards popular sentiments for the strong-man leadership together with a decline in democracies. The decline in labor intensive businesses is now being felt especially in manufacturing and construction industries. This has led to a permanent class of unemployed and underemployed people even in developed economies. There is now a growing belief that the real cause for this phenomenon is technology and not globalization.
In a recent World Economic Forum ( WEF) […]
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