Support for globalization declines in Colombia, World Economic Forum report says

Public perception of globalization has declined over the past two years, with almost half unsure of its benefits and more than a third arguing for trade barriers. The results of the latest World Economic Forum / Ipsos market survey of nearly 20,000 people in 25 countries show a mixture of polarization and ambivalence about free trade, globalization and protectionist policies.

According to the survey, 55% of Colombians support more trade barriers to imports of foreign goods and services, and although a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country, ”that number is down a whopping 20 points from when the survey was last conducted in 2019.

The decline in positive opinions on globalization in the 23 countries is on average 10 percentage points. It is steepest in Mexico, Colombia, Chile, and Peru.

Trends show that 75% of those polled agree that expanding trade is a good thing, but almost 40% believe there should be more trade barriers to limit imports of foreign goods and services. Notably, 36% are neutral or have no option.

Sean Doherty, Head of International Trade and Investment at the World Economic Forum said, “International trade and investment can grow economies, reduce poverty, improve health care and empower people around the world. However, changes caused by trade can be disruptive and painful, and can sometimes undermine local reforms. The apparent contradiction in the survey results is understandable: people want more good and less bad from globalization. To increase gains and achieve equitable results for all, governments must listen to local priorities and work together on policies related to the environment, jobs, taxation, the digital economy and others. problems that transcend borders.

Only 1 in 2 people are positive about globalization – down in each country by 10 points on average since 2019. France, Russia and Belgium have the lowest confidence in globalization, while Malaysia , South Africa, Peru, Brazil and South Korea have the most.

About the survey

These are the results of a survey carried out by Ipsos in 25 countries on its online platform Global Advisor. Ipsos surveyed a total of 19,017 adults aged 18 to 74 in the United States, Canada, Malaysia, South Africa and Turkey, and 16 to 74 in 20 other markets between March 26 and April 9, 2021.

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These issues will be addressed at the Forum’s forthcoming Sustainable Development Impact Summit. The four-day virtual event is hosted alongside the United Nations General Assembly and brings together global leaders from business, government and civil society. It will focus on new technologies, policies and partnerships to advance cooperation, accelerate progress and highlight tangible solutions to our global challenges. Find out more.

Title image: Image by Tony-Media from Pixabay

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Estelle D. Eden

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