Globalization

From Bertelsmann Future Challenges

Globalization might be defined as the integration of national markets into one international economy. With lower transportation and communication costs, liberalization of trade and investment, and increasing technology transfer, globalization has continued unimpeded over the last 35 years. For many people the fears associated with globalization are greater than its potential benefits. Globalization poses clear challenges: Economic and technological developments in China or India, for example, endanger jobs in developed countries. Unskilled workers in particular are potential losers when it comes to global competition. Changes in production and trade can mean increased job insecurity, more night and weekend shifts and greater uncertainty when it comes to life planning. Finally, globalization has been seen to increase disparities in living standards and income. On the other hand, globalization also offers many benefits, such as gains in productivity from the international division of labor, a wider range of products, higher purchasing power for consumers and an overall rise in the standard of living. Even though it is realistic to assume that the advantages of globalization outweigh its disadvantages, these economic gains will not be distributed evenly across regions or among individuals.

Accordingly, we need to address a number of questions such as:

• How can we integrate all potential workers into the labor market?
• How can we increase the employability of unskilled and low-skilled workers?
• What can be done in order to reduce social exclusion?
• How can we deal with increasing disparities in income?
• What are the sustainable ways of managing social and individual costs in times of shrinking public finances?

Correlations/Crosslinks

• Correlations/Crosslinks - Globalization

Globalisation Sessions at the Global Economic Symposium 2011

The first link of each session will take you GES Policy Wiki on FutureChallenges.org to propose concrete solutions, the second link leads you to the GES 2011 Session Information.

• Avoiding Currency Wars and Ensuring Balanced Global Recovery Solutions on the GES website
• Migration, Integration and Identity Solutions on the GES website
• Norms for Global Governance Solutions on the GES website
• Shaping a Global Resource Strategy Solutions on the GES website
• Mobilizing Global Capital for Emerging Infrastructure Needs Solutions on the GES website
• Global Economic ScenariosGES 2011 Round Table Information

Experts and Institutions

• Experts and Institutions - Globalization

Other helpful links

See content package "Syria – An Outcry for Democracy" on FC_org

See content package "Learning to Share" on FC_org

See content package "Cash Back" on FC_org

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