Friday 9 December 2016

John Bruton: What Trump, Sanders and other populists are not telling you about global economics

Published 21/04/2016 | 02:30

A man gazes at residential buildings in the distance in the Jiading district of Shanghai, China. The country’s economy is six times as large as it was 30 years ago. Photo: Qilai Shen/Bloomberg
A man gazes at residential buildings in the distance in the Jiading district of Shanghai, China. The country’s economy is six times as large as it was 30 years ago. Photo: Qilai Shen/Bloomberg

The integration of the global economy is under threat. Not only is the UK considering leaving the EU, but all four US presidential candidates want to renounce President Barack Obama's Pacific trade deal. Borders within the EU are being closed, and Donald Trump even wants to build a wall between the US and Mexico.

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Meanwhile, political parties have become empty shells, unable to sustain support for long-term policies through more than one election. This is evident all over Europe, including in Ireland.

These two factors are linked.

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