The Two Backlashes Against Globalization
The reaction against globalization has taken two forms: economic resistance to rising inequality and a revolt against multiculturalism and cosmopolitanism. To save globalization – which has lifted hundreds of millions out of poverty, created new markets for goods made by poor countries, and reduced prices for rich-country consumers – both must be addressed.
NEW DELHI – When I left India for graduate school in the United States in 1975, the word “globalization” was not in use anywhere in the world. Back then, crossing borders was still a big deal, and getting a US visa was no easy feat. When I did arrive in America, to be an Indian still carried a whiff of the exotic and the unfamiliar.