May 5, 2012
Gloomy Prospect for Global Economy
Jeffrey Simpson, Globe and Mail
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Randy Quan for The Globe and Mail
I’ve spent the week in cobblestoned squares, listening to French presidential candidates argue that their country’s way of life is threatened by forces from beyond its borders. It’s a popular refrain these days: As economies falter, people fear the economic and human waves sweeping in from beyond.
President Nicolas Sarkozy has led the way, pledging to reintroduce trade protectionism, reinstitute passport checks and cut immigration. His challenger François Hollande has also suggested more protectionist policies and less immigration. As a result, four out of five French voters now believe that globalization is bad for...
TAGGED: global economy