John Van Reenen explains how the backlash in globalisation risks damaging global value chains and the jobs that rely on them
Audio file
John Van Reenen, Professor at MIT Department of Economics and Sloan School of Management, gives a brief explanation of the ways that the current backlash against globalisation emerging in Western countries is likely to affect developing countries, and what measures governments in these countries can take to protect their economies. On the flip side he points out that disruption of global value chains will also lead to damage for companies and consumers in the Western countries adopting an anti-globalisation stance.