Obama: Globalization feeds sense of inequality

Obama: Globalization feeds sense of inequality

President Barak Obama has said that part of the effect of globalization and improving innovation has been an increase in feelings of inequality.

Speaking in Athens at the end of the first leg of his final foreign tour, Obama said the trend of improving technology had also led to "enormous disruptions" for many countries and communities, as technology and innovation lead to smaller workforces being used to produce goods.

Obama said the sight of some seemingly living by a different set of rules "feeds a profound sense of injustice and a feeling that our economies are increasingly unfair."

He said the ease of access to information globally can increase the sense of injustice and "this impulse to pull back from a globalized world is understandable."

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