They say that a week is a long time in politics. So the global macro events that have played out since last January’s annual gathering of the World Economic Forum must seem like an eternity to many. Sipping their lattes in the Swiss Alps, few delegates will have imagined the UK voting to quit the European Union or Donald Trump winning the race for the White House.

One driver of both these seismic political developments was the feeling among millions of ordinary voters that they were not benefiting from the economic growth being generated through globalisation. They face rising levels of inequality and insecurity.