David Atkin, of MIT, discusses what the withdrawal from globalisation will mean for developing countries.
David Atkin explains why he thinks that globalisation has brought huge benefit to developing countries in terms of expanding their manufacturing sectors and introducing them to new technologies. Retreat from globalisation can have some skill-gain benefit, as young people may stay in education longer if there are fewer low-paid manufacturing jobs on offer to them, but this is a long-term gain and in the short-term the net effect is likely to be detrimental to developing countries. Atkin asks how countries can mitigate the effects and take opportunities to broaden the skills base of their workers.
Photo credit: copyright Don Bayley