We are currently seeing widespread concerns in many parts of the world regarding free trade and globalised finance.[1] I would like to thank J. Beirne, M. Ca’ Zorzi and M. Grill for their contributions to this speech. I remain solely responsible for the opinions contained herein. These concerns mainly stem from perceptions of inequality of opportunities and a lack of inclusiveness in sharing the benefits of international openness, resulting in growing disparities in income. Often, these are not only perceptions. In this country, for example, net income inequality has been on an upward trend since the late 1970s.[2]
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