What is the future of globalisation? This is among the biggest questions of our time. Globalisation is not dying, it’s changing.
Since the industrial revolution, we have, argues Richard Baldwin in his book The Great Convergence, seen three waves of opportunities to trade
As Baldwin argues in The Globotics Upheaval, the potential for this sort of technology-enabled trade is huge.
It will also be highly disruptive: the white-collar workers who provide these services in high-income countries are an important part of the middle class. But it will be hard to protect them.
Martin Wolf FT 13 September 2022