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The Great Slowdown and Political Populism

Gylfi Zoega
CESifo, Munich, 2024

EconPol Forum 25 (2), 36-39
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  • Populism embeds truth in a welter of lies
  • Populism erodes trust in mainstream political parties, institutions, ideas, and ideologies
  • Stagnating productivity, large trade imbalances, and waves of immigration have contributed to increased discontent in the West and eroded trust
  • Inclusive growth would lift all boats and rebuild trust
  • Populist policies are an impediment to such growth

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