The Root Cause of the Anti-globalization Movement in the United States: the Erosion of the Level-standard Economy

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DOI: https://doi.org/10.30564/jbar.v4i2.2763

Abstract:

This paper uses Qian’s level-standard economy approach to analyze the losses and gains of American globalization in the Neoliberal Era. Analysis found that: level-standard economy’s sectors are the losers during the process of American globalization in the Neoliberal Era; and super levelstandard economy’s sectors are the winners during the process of American globalization in the Neoliberal Era. The erosion of the level-standard economy has great harm and impact on related parties, so that the USA emerges the movement of populist backlash against globalization. This paper proposes 4 measures to solve this dilemma, i.e., to impose higher tax rates on the winners of American globalization in the Neoliberal Era, to subsidize more to the losers of American globalization in the Neoliberal Era, to moderately relocate manufacturing and other industries back to the U.S., and to further strengthen transnational cooperation.

References:

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