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Economy

Trade war fears largely exaggerated, says expert

Academic sees future US administration rejoining trans-Pacific pact

Professor Richard Baldwin of the Graduate Institute in Geneva has argued that some parts of Asia face a greater challenge than other regions as the world enters its third phase of globalization. (Photo by Akikazu Ishii)

TOKYO -- Escalating tensions between the U.S. and China have raised fears that the world is on the brink of an all-out trade war. But one top economist and trade policy expert dismissed the risks in a recent interview with the Nikkei Asian Review.

“Anti-globalization sentiment is largely exaggerated,” said Richard Baldwin, a professor at the Graduate Institute in Geneva. “People conflate, or confuse, anti-immigration with anti-globalization.”

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