Wedged in between the Brexit vote and the U.S. presidential election, leaders of the world’s major economies meet this weekend in China needing to mount a realistic defence of the free trade and globalisation they have long championed.
At stake is the post-World War Two concord on globalisation that proponents say has helped lift so much of the world out of poverty. China, the host of the Group of 20 meeting, has itself been one of the biggest winners from free trade, becoming the world’s leading exporter.
But Britain’s shock vote in June to leave the EU and the rise of protectionist Donald Trump in the United States has shaken that accord ahead of the G20 summit in Hangzhou that starts on Sunday.
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