WASHINGTON: The G20 warned Friday that populist politicians playing up anti-globalization and anti-free trade sentiments were putting the global economy at risk. While not mentioning Trump or other politicians by name, China’s Finance Minister Lou Jiwei, speaking on behalf of the G20, identified such voter-luring populism as one of the largest threats to the economy. “This trend of deep anti-globalization populism has driven politicians to come up with their campaign slogans and try to win the votes and support. But also in the background are the populist currents in Europe behind the Brexit vote and those affecting the coming French and German elections. At the same time, all the officials acknowledged that, as politicians like Trump have been arguing, globalization has hurt certain populations and in some cases exacerbated inequality.

Source: Manila Times October 08, 2016 03:56 UTC