Elites Fear Backlash Against Globalization

‘“The backlash against globalization is manifesting itself in increased nationalistic sentiment, against the outside world and in favor of increasing isolation.” This was the lament of Louis Kuijs, a former official with the International Monetary Fund (IMF), who now leads Asia Economics at Oxford Economics in Hong Kong.
IMF policymakers are plainly worried as they come together October 7-9 in Washington, D.C., for the annual meeting of the IMF and the World Bank. Founded in Bretton Woods, New Hampshire, in 1944, IMF’s stated purpose was the construction of an international payment system based on the American dollar, and the promotion of international trade.’
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