The deep fault lines in the global economy are increasingly being voiced by leading elites in many countries and international institutions. At the Group of 20 meetings in 2016 in Hangzhou, China, Australian Prime Minister Malcolm Turnbull spoke of the need to "civilise capitalism" and International Monetary Fund head Christine Lagarde said growth had been "too low for too long for too few". Martin Wolf of the Financial Times argues eloquently that "to maintain legitimacy economic policy must seek to promote the interests of the many and not the few". These statements echo increasing concern with the current trend in globalisation, which is fuelling populism in many countries. Yet few global solutions are offered. The answers we provide will have to begin at home. The fact that these issues have been raised in international forums and will be raised again at many other forums, should spur national governments to come up with more creative solutions that advance the interests of the ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.