A small protest at a refinery on England's east coast might not appear to have much to do with celebrations held across China to mark the Year of the Ox. But both the English protesters in the snow and the Chinese factory workers cheering the dragon dances are worried that globalisation might take their jobs away. Without jobs, there is no income, and that leads to the decline of trade. Shipping worries about the decline of trade. Economic commentators have at long last begun to assess the impact of globalisation. Everyone benefited while trade expanded, and everyone acquired as long as shipping continued to carry goods at minimal cost per unit between manufacturers and consumers at opposite ends of the earth. That's now ground to a halt.
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