What do you think about the rise in anti-globalisation?

Summary

Dr. Ian Golding discusses the dangers of anti-globalization, emphasizing that globalization has been a force for good, lifting people out of poverty and improving life expectancy. However, mismanagement has led to rising inequality and risks. He argues that withdrawing from globalization will exacerbate these issues, and instead, we should work towards more effective management to spread opportunity and mitigate risks.

Takeaways

• 🌐 Globalization has been the most progressive force in history, lifting people out of poverty and increasing life expectancy.
• 📉 The rise in anti-globalization is seen as a dangerous trend, attributed to ineffective management of globalization's benefits and risks.
• 🏛️ Governments and international institutions are primarily blamed for the failure to manage globalization equitably.
• 📈 Within-country inequality has risen due to globalization, causing a perception that it only benefits the wealthy.
• 🌐 Globalization increases interdependence, which can lead to cascading risks such as financial crises, cyber attacks, and pandemics.
• 🌳 Unintended consequences of globalization include climate change, antibiotic resistance, and environmental degradation.
• 🏃‍♂️ Rapid change due to globalization leaves some people behind, leading to a sense of threat and job insecurity.
• 🚫 Nationalism and withdrawal from global cooperation, as seen with Brexit and other movements, are counterproductive responses to globalization.
• 🌍 Effective management of globalization requires more global coordination, not less, to address shared risks and challenges.
• 📉 Anti-globalization sentiments can slow economic growth, increase poverty, and further widen inequality.

Q & A

What does Dr. Ian Golding consider globalization to be?

Globalization, according to Dr. Ian Golding, is the integration, openness, and connectivity of nations with each other, involving flows across national borders.

How has globalization impacted poverty levels according to the transcript?

Globalization has been credited with lifting more people out of poverty than any other process in history.

What are the negative consequences of globalization mentioned in the transcript?

The negative consequences of globalization mentioned include rising inequality within countries, increased risks due to interdependence, and unintended consequences of success such as climate change and antibiotic resistance.

Why is the rise in anti-globalization considered dangerous by Dr. Ian Golding?

The rise in anti-globalization is considered dangerous because it can lead to a withdrawal from global cooperation, which is necessary to manage global risks such as pandemics, climate change, financial crises, and cyber attacks.

How does Dr. Ian Golding link the rise in anti-globalization to political events like Brexit and the US general election?

Dr. Ian Golding links the rise in anti-globalization to political events like Brexit and the US general election by suggesting that these events are manifestations of a broader trend of nationalism and a desire to withdraw from globalization.

What does Dr. Ian Golding believe is the cause of the rise in anti-globalization sentiments?

The rise in anti-globalization sentiments is attributed to the ineffective management of globalization by governments, international institutions, and businesses, leading to a perception that it has not brought benefits to all.

What does Dr. Ian Golding suggest is the role of governments and businesses in the rise of anti-globalization?

Dr. Ian Golding suggests that governments and businesses have a role in the rise of anti-globalization because they have not managed globalization effectively, leading to increased inequality and a sense of being left behind by some segments of the population.

What are the two reasons Dr. Ian Golding identifies as to why anti-globalization is dangerous?

Anti-globalization is dangerous because it can lead to less global coordination, which is necessary to manage risks, and it can slow down economic growth, reducing opportunities and increasing poverty and inequality.

What is the unintended consequence of success mentioned in relation to tuna in the transcript?

The unintended consequence of success mentioned is the extinction of tuna due to everyone enjoying sushi, which highlights the issue of overfishing and depletion of marine resources.

What is the challenge for management, businesses, and governments according to Dr. Ian Golding?

The challenge for management, businesses, and governments is to ensure that globalization works more effectively for more people, spreading opportunity rather than risk.

What does Dr. Ian Golding believe is the solution to the problems associated with globalization?

Dr. Ian Golding believes that the solution is to manage globalization more effectively, ensuring that it benefits more people and spreads opportunities rather than risks, and to be more joined up in the face of global challenges.