21st century wire say hard draw comparison brexit referendum stun surprise victory donald trump 2016 presidential election america many argue repudiation globalization.indeed anxiety global economy whole contribute 2016 historic rejection status quo big trade big bank wall street.yesterday overseas speech even president obama acknowleged globalize policies world absolutely contribute political upheaval give rise brexit vote trump presidency current path globalization demand course correction add legislation prove flaw correct process democracy early year conservative lean washington time discuss nature falied policy lead sluggish growth us past 7-8 years previously bullish feed finally openly acknowledge sluggish growth long term new normal america secular stagnation stay growth rate limp 2008-09 recession percent pace seven years joint economic committee congress tell us normal recovery give us 3.5 percent growth reagan jfk boom close percent gdp today thank president obama trillion small roughly equivalent lose entire annual output every business worker michigan ohio indiana combined.instead speed recover lose grind decelerate growth 1.4 percent 4th quarter 2015 0.8 percent first quarter year feed downgrade growth less percent rest 2016 original forecast 2.4 percent one day us election intercept glenn greenwald snowden fame capture frustartion lead brexit vote trump win short passage piece institutions elite factions spend years mock malign pillage large portion population compile long record failure corruption destruction shock dictate decree go unheeded human be go follow obey exact people blame suffer go exactly opposite purposely defy try impose punishment retaliation time tell future hold brexit trump moment voice everyday man hear loud clear.more washington blog image source onmanorama washington blogtrumptrump make rejection globalization centerpiece campaign july 21st acceptance speech republican nominee say americanism globalism credo.the boston globe bannered headline thursday trump globalization lose election night cnn jake tapper explain many americans vote trump sick income inequality globalization politics-as-usual status quo give us point handful people get rich globalization lot people leave behind.counterpunch write friday real mean upset wall street globalization project reject citizens homeland trump voters several reason vote trump racism want job back job vanish thank neoliberal policy transfer manufacture job place low wages.brexitsimilarly brexit largely vote globalization.for example guardian run article june explain brexit rejection globalisation britain rejection eu protest career opportunities never knock affordable home never get build protest economic model place past three decades europe fail fulfil historic role allocate job live standards welfare state good protect heyday nation state 1950s 1960s age globalisation unemployment across eurozone 10 italy economy barely big euro create greece economy shrink almost third inevitably backlash manifest rise populist party leave right increase number voters believe much offer current system think globalisation benefit small privilege elite think unfair pay price bankers fail hanker return security nation state provide even mean curb core freedoms underpin globalisation include free movement people torsten bell director resolution foundation thinktank analyse vote pattern referendum find part britain strong support brexit poor long time result affect deeply entrench national geographical inequality said.there much lazy think past quarter century globalisation bell note time rethink assumption flexible globalise economy generate prosperity widely share experts say mainstream economists organizations politicians include world bank international monetary fund see mckinsey company obama admit globalization create inequality people worldwide furious runaway inequality affect elections globally.the bank international settlements central bank central bank say financial globalization make boom bust far frequent destabilize otherwise would be.the economist point july economists blindside backlash globalization saw come worth study reason .david autor david dorn gordon hanson document cost america grow trade china fall disproportionately certain cities on.branko milanovic city university new york believe cost perpetuate cycle globalisation argue periods global integration technological progress generate rise inequality .supporters economic integration underestimate risk big slice society would feel leave behind .the new york time report march experts wrong benefit trade american economy voters anger frustration drive part relentless globalization technological change make trump sanders popular already big impact america future shake once-solid consensus free trade necessarily good thing economic populism presidential campaign force recognition expand trade double-edged sword write jar bernstein former economic adviser vice president joseph r. biden jr.what seem strike angry work class dismiss often myopic unable understand economic trade-offs present trade appear understand experts belatedly find true benefit trade american economy may always justify costs.in recent study three economists david autor massachusetts institute technology david dorn university zurich gordon hanson university california san diego raise profound challenge us bring believe economies quickly recover trade shock theory develop industrial country like unite state adjust import competition move workers advance industries successfully compete global markets.they examine experience american workers china erupt onto world market two decades ago presume adjustment conclude never happen least happen yet wag remain low unemployment high affect local job market nationally sign offset job gain elsewhere economy find sag wag local labor market expose chinese competition reduce earn 213 per adult per year.in another study write daron acemoglu brendan price m.i.t estimate rise chinese import 1999 2011 cost 2.4 million american job result cause us rethink short- medium-run gain trade argue fail anticipate significant dislocations trade might incumbent literature convincingly estimate gain trade case free trade base sway theory alone foundation evidence illuminate gain lose much condition continue read washington blog read election news 21st century wire 2016 filessupport 21wire subscribe become member 21wire.tv shift paradigm understand trump brexit understand failure globalization