GLOBALIZATION, ETHNO-NATIONALISM, SUSTAINABILITY TUESDAY, 25 JUNE - - PowerPoint PPT Presentation

SESSION 5: A NEW WORLD ORDER

JOMO Kwame Sundaram

Senior Adviser Khazanah Research Institute

GLOBALIZATION, ETHNO-NATIONALISM, SUSTAINABILITY TUESDAY, 25 JUNE 2019 | 9.00am

Globalization and Its Discontents

• Internationalization of production
• Consumer vs worker welfare
• Few East Asian NIEs
• Financial globalization > trade liberalization
• Decline of government capacities, capabilities

Ethno-populism/nationalism

• Post-colonial societies
• Identity vs class politics
• End of Cold War → sovereigntism
• Rise of the Rest
• Blame the Other: foreigners, immigrants

Global warming policy implications

• Slow climate change while raising living standards

for all

• More renewable energy to mitigate
• Cannot rely on markets alone; need more R&D,

more flexible IPR rules for new technologies

• Much more needed for adaptation

.

Thank you