Has globalization truly benefited everyone, or are there clear winners and losers?

Tyler Cowen and Ian Bremmer analyze the uneven impact of global trade and automation. By examining Branko Milanovic’s elephant graph, they explore why some populations have thrived while others in developed nations have stagnated.

Over the past 20 years, globalization has successfully lifted more than a billion people out of extreme poverty. However, this progress has not been universal. While emerging markets have seen significant gains, the working and middle classes in developed economies—specifically in the USA, Canada, Europe, and Australia—have experienced little to no economic movement.

The discussion centers on Branko Milanovic’s elephant graph, a visual representation used to illustrate these disparate outcomes. Looking ahead, the analysis considers whether these trends will persist and how the rise of robotics will further reshape the future of work, jobs, and social structures.

Source: Are There Winners and Losers of Globalization? (episode 3)