Globalization has had positive effects, pulling a large part of the global population out of extreme poverty.
But for part of our societies, globalization now represents:
- the fear of their jobs being taken by machines;
- the threat of unemployment because of competition from cheap workforces and freer trade;
- the impression of contributing to public services through tax while seeing the richest shirk their responsibilities through tax avoidance and optimization.
All around the world, we are seeing expressions of a sense of injustice from those who feel left behind by globalization.
The incomes of the 10% richest people have grown fast. The proportion of the population living in extreme poverty fell from 52% in the early 1980s to less than 10% in 2018.
The G7 countries represent 50% of the global economy and we share the values of freedom and democracy.
We face the same global challenges: economic disparities, environmental degradation, international crises, corruption, and violence against women and minorities. We need to provide joint, tangible responses.