Summary |
In world 3.0, award-winning author and economist Pankaj Ghemawat reveals the folly in both of these responses. He calls for a third worldview-one in which both regulation and cross-border integration coexist and complement one another.
Ghemawat starts by exposing common assumptions about globalization to hard data, proving that the world is not nearly as globalized as we think. And he explains why the potential gains from further integration are much larger than even progloblizers tend to believe.
He then tackles market failures and fears-job losses, environmental degradation, macroeconomic volatility, and trade and capital imbalances-that opponents of globalization often invoke. Drawing on compelling data, he shows that increased globalization can actually alleviate some of these problems.
Finally, ghemawat describes how a wide range of players-businesses, policy makers citizens, media-can help open up flows of ideas, people, and goods across borders, but in ways that maximize the benefits and minimize the potential side effects.
|
