NEW LEITMOTIV INEQUALITY

Globalization
for all

GLOBALIZATION
FOR ALL

After three decades of poorly managed integration, globalization is threatened by social discontent and the rise of populist forces. A new paradigm will need better ways not only to compensate the groups that have lost, but to distribute the gains more broadly from the start.

LATEST NEWS

GLOBALIZATION 18 JANUARY 2023

Recap: Prosperity in a Post-Global World – Short Cut with Rana Foroohar and Holger Görg

Has the era of globalization ended? And if so, how can we ensure prosperity in a post-global world? We invited Rana Foroohar and Holger Görg to discuss this question with us.

GLOBALIZATION 18 JANUARY 2023

Recap: Prosperity in a Post-Global World – Short Cut with Rana Foroohar and Holger Görg

Has the era of globalization ended? And if so, how can we ensure prosperity in a post-global world? We invited Rana Foroohar and Holger Görg to discuss this question with us.

KNOWLEDGE BASE
GLOBALIZATION
FOR ALL

The Challenge

The long post-war wave of globalization has come to a halt and the world economy is now threatened by disintegration.

What Went Wrong

Liberalizing international trade will lift all boats, since the losers from globalization can easily be compensated.

New Economy in Progress

Globalization produces discontent and policy needs to take costs and compensation more seriously.

5 WAYS THAT ARE DISCUSSED TO MAKE GLOBALIZATION WORK FOR ALL

1

Training programs, job search assistance and more effective redistribution

2

Regions react differently to trade shocks, so policies must focus on their particular needs

3

Governments could refrain from signing up to “deep” trade agreements

4

Increase cross-border labour mobility by allowing more workers to migrate from poor to rich countries

5

Stronger industrial policies, subsidies or protectionism of selected industries in developing countries

CHART: WHO HAS GAINED FROM GLOBALIZATION?

GLOBALIZATION 4 JUNE 2020

Digital Global Solutions Summit: Global Table

The Future of Multilateralism and Global Governance - Curated and produced by Forum New Economy

GLOBALIZATION 13 DECEMBER 2019

What were the Driving Forces in the 2019 UK General Election?

Thiemo Fetzer with an analysis.

GLOBALIZATION 1 NOVEMBER 2019

Populism and the economics of globalization

Dani Rodrik on populism.

GLOBALIZATION 1 NOVEMBER 2019

Shifting paradigms in global trade

By Sebastian Dullien, HTW Berlin – University of Applied Science

OTHER MAIN TOPICS

New Paradigm

NEW PARADIGM

After decades of overly naive market belief, we urgently need new answers to the great challenges of our time. More so, we need a whole new paradigm to guide us. We collect everything about the people and the community who are dealing with the question of a new paradigm and who analyze the historical and present impact of paradigms and narratives – whether in new contributions, performances, books and events.

Redefining
the role of
the state

REDEFINING
THE ROLE OF
THE STATE

For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.

Remaking
finance

REMAKING
FINANCE

More than a decade after the financial crisis there still seems to be something seriously wrong with the financial system. Financial markets still tend to periodically misprice risk and contribute to boom and bust cycles. A better financial system needs to discourage short-termism and speculative activity, curtail systemic risk and distribute wealth more broadly.

Greening
prosperity

GREENING
PROSPERITY

During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

Reducing
inequality

REDUCING
INEQUALITY

The rising gap between rich and poor has become a threat to social cohesion in most rich countries. To reverse this trend it will be crucial to better understand the importance of different drivers of income and wealth inequality.

Innovation Lab

INNOVATION LAB

Do we need a whole new understanding of economic growth? What would be a real alternative? How viable are alternatives to GDP when it comes to measuring prosperity? These and other more fundamental challenges are what this section is about.

Europe
beyond markets

EUROPE
BEYOND MARKETS

The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.

Corona Crisis

CORONA CRISIS

The current Corona crisis is probably the worst economic crisis of the post-World War 2 era. Economists are working hard on mitigating the economic effects caused by COVID-19 to prevent a second Great Depression, the break-up of the Eurozone and the end of globalisation. We collect the most important contributions.