Job loss and worry about identity make the West reconsider the value of trade and immigration
Historically, the dominant power tends to support globalization as a way to increase the ambit of its influence, expand trade and gain economic advantage, co-opt new citizens and possibly show the advantages of its own pax. This was the case with the Roman, British and now American-led globalizations. But recently, the rich West – which saw globalization as a prelude to “the end of history” – is having second thoughts.
Two fears drive this unease with globalization: The first is a fear of job loss due to competition from low-wage countries. The second is the fear of ethnic and cultural dilution due to increased immigration.
The cause of the first fear is a fast reemergence on the world stage of China and India. For students of history, the rise of China and India is not a surprise.
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