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Editorial - CEPS - D. Gros: Is globalisation really fuelling populism?

image-05/13/2016 - 16:18May 11, 2016 – CEPS published an editorial by SEP Senior Fellow Daniel Gros, in which he discusses the link (or lack thereof) between globalization and populism. He argues that “calling the rise of populism in Europe a revolt by the losers of globalization” is “simplistic” and “misleading.” One major populist tenet is that globalization has transformed economies, sending low-skill jobs to the developing world and hurting local workers. However, “the difference in employment rates of the highly educated and the less educated has remained relatively constant in Europe, with the less educated actually closing the gap in recent years.” On top of that, “the share of low-skilled workers (who have not completed a secondary education) is declining rapidly,” the “final nail in the coffin of the globalisation-based explanation for the rise of populism in Europe.”

- The original article is available from CEPS.