a column by Luigi Guiso, Helios Herrera, Massimo Morelli and Tommaso Sonno for VOX: CEPR’s Policy Portal
There has been some disagreement over the roots of the recent rise of populism in Europe. This column examines variations in exposure to economic shocks and in ability to react to them in different regions of Europe to show that the cultural backlash against globalisation has been driven by economic woes.
In regions where globalisation was present but that have benefited economically, there has been no such backlash and the populist message has retreated. The message is clear: if one wants to defeat populism, one must defeat first economic insecurity.
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I now understand a lot better what populism is and how it works or not as the case might be. I like my information visually so the charts and graphs from VOX please me and make the meaning of the words clearer.
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