PROTECTIONISM
No turning back from globalism, says Hain
Lord Hain urges countries to find ways to spread globalisation gains more fairly and support those people who remain disadvantaged
Globalisation may have caused economic pain for millions of people around the world but Britain, the US and other nations cannot turn their back on it without inflicting deeper, longer-lasting anguish on their citizens, British politician Lord Hain of Neath said in Johannesburg on Wednesday. Instead, the countries must find ways to spread globalisation gains more fairly and support those people who remain disadvantaged. Lord Hain was speaking in a public lecture at the Wits Business School, where he is a visiting professor. He is better known as Peter Hain, who fled SA with his parents in 1966, then helped to lead the campaign to isolate South African sport during apartheid and later served as a UK government minister. Hain said the rise of US President Donald Trump and Britain’s "Brexit" referendum decision to leave the EU were caused by a sense of "isolation and detachment" among people feeling left behind by globalisation, free trade and new technology. The same was true of Franc...
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