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Why Multilateralism Still Matters

Driven by a sense of injustice and inequality, voters in the West have increasingly rejected openness, as well as the political establishment that has advanced it. But, while the grievances fueling these choices are real, the cure is likely to be worse than the disease.

MADRID – Across the West, faith in international governance and economic globalization is declining. As Donald Trump’s victory in the United States’ presidential election showed, voters, driven by a sense of injustice and inequality, are increasingly rejecting openness, as well as the political establishment that has advanced it. But, while the grievances fueling these choices are real – many have been left behind by globalization – the treatment is likely to cause more harm than the disease.

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