Navigating the Globalization Trilemma: Sovereignty, Trade, and Control

Does the backlash against globalisation ignore the huge benefits of world trade? And how realistic are post-Brexit Britain's ambitions to become a global trade powerhouse?

Manuela Saragosa asks Cambridge economics professor Meredith Crowley how much access the UK can expect to retain to the European market, given that the country wants to diverge from EU regulations. It's an example of a problem that all countries in our globalised economy face - the "globalisation trilemma".

Meanwhile Fred Hochberg, former head of the US Export Import Bank and author of Trade Is Not a Four-Letter Word, says that without free trade we wouldn't have wonders of the modern world such as the iPhone or the taco bowl.

Producers: Laurence Knight, Frey Lindsay

(Picture: Container ships docked at Port of Felixstowe in the UK;. Credit: Getty Images)