Thursday 13 December 2018
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todayonline - 27 days ago

Malaysia s prime minister says globalization needs fixing

PORT MORESBY - Malaysian Prime Minister Mahathir Mohamad on Saturday said nations needed to reevaluate globalization and economic integration because it was leaving some people behind and fuelling inequality. Speaking at the Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea, Mahathir called for a more level playing field on trade between rich nations and the developing world. The benefits of free and fair trade and economic integration have been ruptured, exemplified by Brexit and trade wars between major economies, Mahathir said. The trade war between the U.S. and China has amplified further the disruption to our trade and commerce. REUTERS

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