Human Wrongs Watch
– Donald Trump’s Make America Great Again (MAGA) appeal captured US mass discontent against globalisation.
In recent decades, variations of America First have reflected growing ethnonationalism in the world’s presumptive hegemon.
Jomo Kwame Sundaram
Deglobalisation?
Trade liberalisation probably peaked at the end of the 20th century with the creation of the multilateral World Trade Organization (WTO), which the West kept outside the UN system.
With deindustrialisation in the North blamed on globalisation, their governments gradually abandoned trade liberalisation, especially after the 2008 global financial crisis.
Free trade mahaguru Jagdish Bhagwati has long complained of the weak commitment to multilateral trade liberalisation. Most recent supposed free trade agreements (FTAs) have been plurilateral or bilateral, undermining multilateralism while promoting non-trade measures.
