There's a widely shared consensus among populations in Western countries that globalization are benefiting people in China and India and multi-national corporations but hurting people in the West. Think about it, the living standard in the Western countries have improved very little in the last 30 years of free trade era, but living standard in China and India have improved dramatically. Yes the made-in-China stuff at WalMart are cheaper, but the gains are more than wiped
out by higher housing prices and inflation in other areas of the economy. Now, many people in the West have waken up to reality and start to demand changes.
out by higher housing prices and inflation in other areas of the economy. Now, many people in the West have waken up to reality and start to demand changes.