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The last four decades have been a roller-coaster ride for economic liberalism. Riding high from the early 1990s, falling trade barriers boosted international trade, integrated countries such as China into the global economy and significantly reduced the number of people in absolute poverty. Developments in technology ‘supercharged’ these impacts, radically altering our lives as workers and consumers. In this interview, Peter Urwin speaks to economist Vicky Pryce about where it all went wrong – is the rise of populism simply a reaction to the 2007-08 financial crisis, or is it a wider backlash against liberalism? Not everybody welcomes the changes brought about by globalisation, and change always implies disruption – is there a case for government compensation, targeted at those who bear the brunt of disruption and are less able to take advantage of the gains from liberalisation?

This episode of Policy Matters is a cross-over show in which hosts Franz Buscha and Matt Dickson are joined by the host of Economist Questions, Peter Urwin. As Peter is currently leading a large research project looking at young people’s pathways through education, Franz and Matt ask him about his own journey and how that affected his social mobility. They go on to discuss the problems that the Further Education system faces in providing both second chances for those who don’t achieve well at age 16 as well as higher-level training for those more suited to the vocational route. All this in the context of dwindling education budgets in general, and a lack of policy focus on the Further Education system.

In this interview, Peter Urwin considers the ‘collective failures’ suffered by the polling industry in recent years; from their inability to predict the 2015 British general election outcome, to Brexit, to Trump. Joining him is Professor Patrick Sturgis, who discusses findings from his chairing of the British Polling Council/Market Research Society Inquiry into the 2015 General Election Polls; and in his role as Specialist Advisor to the House of Lords Select Committee on Political Polling and Digital Media. They explore whether the same mistakes are being made by Pollsters across these different ‘failures', and whether it is getting harder to predict outcomes. Plus, they ask whether analysis of social media presents an opportunity to help capture voter sentiment – or is the media industry part of the problem?