Economic growth and reduced global disparities have been hallmarks of globalisation, spurred by increased productivity, capital investment and the diffusion of innovation. However, the uneven distribution of these gains, widening income gaps and supply chain vulnerabilities highlight its complexities. Compounding these issues are the challenging recovery from the pandemic and the rise in geopolitical risks, which jeopardise the sustained advancement of globalisation as policymakers confront rising populist sentiment.

As elections sweep across half the globe this year, a palpable discontent grips the electorate. From South Korea to Poland and Argentina, incumbent governments have consistently faced voters’ wrath, being unseated in successive electoral contests. Likewise, back home, the elections on May 29 brought a humbling outcome for the ANC, where its National Assembly seats were reduced to 40% from a zenith of 70% in 2004. The party is now a minority in four provincial legi...

This article is free to read if you sign up or sign in.

If you have already registered or subscribed, please sign in to continue.

Questions or problems? Email or call 0860 52 52 00.

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.