Skip to main content

The Atlantic:
How Globalization Saved the World and Damned the West

7 February 2019

MGI was putting its finishing touches on the report in early 2016, but held its publication for the Brexit vote in March. "We weren't surprised by the outcome," Manyika told me. "We had been sitting on this research showing widespread resentment toward globalization as a result of people feeling like they were being left behind." In June, MGI published the paper under the title "Poorer Than Their Parents." That same week, the labor economists Brian Bell and Stephen Machin published a separate analysis of the Brexit outcome. The economic statistic most closely aligned with "Leave" votes wasn't unemployment or income at the local level. It was poor wage growth.

'Brexit Beckons: Thinking ahead by leading economists.' VoxEU eBook , June 2016.

Read more... The Atlantic