Crane: Globalization and finding a happy medium cdnpoli (subs)
Prime Minister Justin Trudeau, pictured on June 6. In a world of secular stagnation, governments will find themselves unable to deliver on promises of healthcare and pensions and workers will see a shrinkage in living standards, writes David Crane.
TORONTO— The war in Ukraine clearly shows that globalization is alive, though not well. Rising threats of a world food crisis, along with soaring energy and fertilizer prices, disruption in global supply chains, the risks of a debt crisis in the world’s poorest countries, high inflation and a sharp slowdown in global economic growth are all signs of how interconnected we all are.Enjoy unlimited website access and the digital newspaper.
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