In the new world trade order, is narrative shifting from profits to wages?
With globalisation on the retreat, is the populism of wages coming to the centrestage pushing corporate profits aside?
Cycles are the bedrock of economics, business and social theories. For a generation, global commerce was borderless, and many believed the world to be flat. Suddenly, that appears to be changing, and it’s not just Donald Trump who’s upending it. Uniform tariff for goods and free travel in Europe, which was at war for centuries, were giant strides that raised trust among peoples of different countries. But even that is changing. This month,
Source: The Times of India