It’s A Problem That America Is Still Unable To Admit That It Will Become #2 To China
Kishore Mahbubani is a former diplomat from Singapore and is currently dean and professor of public policy at the Lee Kuan Yew School at the National University of Singapore. He spoke to the The WorldPost from Singapore in a wide-ranging interview about globalization, immigration, U.S. President Donald Trump and Brexit.
For all its benefits, where has globalization failed key domestic constituencies and why?
Globalization has not failed. All discussions on globalization are distorted because Western analysts focus on the roughly 15 percent of the world’s population who live in the West. They ignore the 85 percent who are the rest. The last 30 years of human history have been the best 30 years that the rest have enjoyed. Why? The answer is globalization. The rise of the middle class in Asia has spread wealth, faith in the possibility of fair international institutions and a stabilizing rules-based system that benefits the majority of humanity.
So why is there a perception that globalization has failed? The simple answer is that Western elites who enjoyed the fruits of globalization did not share them with their Western masses. Even worse, they did not prepare their populations for the disruptive change caused by the spread of globalization. In a forthcoming book, I explain how Trump and Brexit are the result of this failure. In it, I write:
Instead of reacting thoughtfully and intelligently [to the 9/11 attack in 2001], the prevailing intellectual hubris led to the disastrous decision to invade Iraq. America has the world’s best universities and think tanks, as well as the most globally influential professors and pundits. Yet none of them told their fellow citizens that the most important event in 2001 was not 9/11. It was China’s entry into the World Trade Organization. The entry of almost a billion workers into the global trading […]