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China’s Xi Jinping Seizes Role as Leader on Globalization

WSJ Original article ›
LyrArc Article Gist
Xi Jinping, president of China says at the Davos Forum that world leaders should "join hands and rise to the challenge" from protectionism coming from the new U.S. administration. He called on world leaders to support the Paris climate accords- "to stick to it instead of walking away from it."


China and the RCEP trade agreement following the election of President Trump and rejection of TPP

11/27/2016

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China’s Xi Jinping Seizes Role as Leader on Globalization

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Building Trade Walls

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Globalization and the white working class in Europe and the U.S. in 2016- job losses, regional disparities, growing inequality with declining incomes

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Sanders, Trump, in the U.S., Marie Le Pen in France, and Brexiters in England appeal to white working class which has not benefitted from trade agreements and globalization. Globalization has produced very different outcomes for different industries and regions, benefitting some and hurting others. Leaders of existing political parties have failed to grasp and respond to these changes leaving room for others to take up the cause of the white working class. TPP trade agreement for instance benefits the information technology industry and hurts the automobile industry in the U.S., producing unequal outcomes that come after years of job losses and hollowing out in some industries- making it unpopular, and raising questions about the wisdom of such policies when most of the gains in free trade are already behind us according to Krugman and other experts.

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Hillary Clinton Asks Not for Trust, but for Faith in Her Competence

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Two Political Conventions, Two Distinct World Views

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