Wednesday, 18 May 2016

Globalization has created wealth – but for whom? (Rana Foroohar, WEF)

People look towards a river in the downtown before the NATO Summit in Chicago May 19, 2012.

Nothing resonates in the public consciousness unless it chimes with people’s felt experience. So it was quite telling a couple of years back when Thomas Piketty’sCapital in the 21st Century became the best selling book ever for Harvard University Press. Why did a nearly 700-page tome by a French academic become a mass market hit? Because it went some way towards explaining why, despite the fact that the global economy has recovered from the 2008 financial crisis and is now larger than it’s ever been, many of us feel so uneasy about our economic future. Globalization has created growth, no doubt. But what kind of growth? And for whom? Is all growth the same?

https://www.weforum.org/agenda/2016/05/globalisation-has-created-wealth-but-for-whom

No comments:

Post a Comment