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Rethinking the “elephant curve”

There is now no excuse for letting our policy-makers off the hook

By Torsten Bell  

Republican presidential candidate Donald Trump ©Evan Vucci/AP/Press Association Images

From political rallies to university seminars, it is becoming fashionable to say that globalisation has led to stagnant living standards for working and middle classes of the developed world, leaving national governments powerless to deliver rising incomes and explaining rising political dissatisfaction with the status quo.

But these are dangerous words in such simple form, because they are both wrong and getting at something. Living standards in…

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