ifo Survey: Globalization Has Reached the Limit of Acceptance in the United States and Parts of Europe
Globalization has reached the limit of acceptance among the respective populations of the world’s major industrialized countries. This statement finds “complete or partial” approval among 70.4 percent of the economists surveyed in the US and 56.5 percent of those in the EU. This is the result of the ifo World Economic Survey conducted by the ifo Institute among 1,085 economists worldwide.
Among Europeans, the experts in France consider their domestic population to be particularly critical of globalization (85.2 percent), followed by the Czech Republic (70.6 percent), Austria (69 percent), and the United Kingdom (67.5 percent). In Germany, 63.6 percent of the experts agreed with the statement, while in Hungary it was 57.1 percent, in Switzerland 53.8 percent, in Bulgaria 53.9 percent, in Italy 53.1 percent, in Greece 52.1 percent, in Spain 48.8 percent, and in Russia 47.2 percent. Australia, at 56.3 percent, is as critical of globalization as the Europeans.
But the same isn’t true everywhere. Worldwide, only 38.7 percent of the experts surveyed agreed with the statement that globalization had reached the limit of acceptance in their domestic population, while 44.7 percent rejected the statement either completely or partially. In northern European countries, the experts also report that their population take a positive attitude towards globalization, rejecting the negative statement either completely or partially: 57.2 percent in Denmark, 58.4 percent in Finland, 45.5 percent in Norway, and 64.2 percent in Sweden. Experts in Japan (50 percent) and in emerging and developing countries in Asia (61.4 percent) also rate the public perception of globalization in their respective countries more favorably. Most experts within the group of other industrialized countries (51.9 percent) and in Latin America (52.4 percent) also suggest the respective populations are positive about globalization. The figure is 55 percent in Canada, 38.5 percent in Argentina, 50 percent in Brazil, and 37.5 percent in New Zealand.
Publication
Boumans, Dorine, Johanna Garnitz, "ifo World Economic Survey May 2019", 2019
