Making Globalization Socially Sustainable

Globalisation is widely seen as a powerful engine that has the potential to promote growth and development. For many years, however, concerns have also been raised about the effects of globalisation on jobs and wages. This has led to questions about the social sustainability of globalisation. Jointly published by the ILO and the WTO, with funding by the International Chamber of Commerce, this publication consists of contributions by leading academic experts who analyse the various channels through which globalisation affects jobs and wages. Together, the nine chapters in this volume summarise state-of-the art knowledge on themes related to the social dimension of globalisation. The volume, therefore, represents a step in the direction of a better understanding of the mechanisms through which globalisation affects workers and of the measures that governments can take to give globalisation a strong social dimension. It will be of value to all those who are interested in the debate on the social sustainability of globalisation, including workers and employers, policy-makers, academics, and other trade and labour specialists.

This book pays attention to poverty, to the increasing subordination of political, social, cultural and ecological domains within society to the economic domain, and to tasks and powers that should be allotted to governments, non-governmental organisations and international corporations.

"A damning denunciation of things as they are, and a platform for how we can do better."—Andrew Leonard, Salon Building on the international bestseller Globalization and Its Discontents, Joseph E. Stiglitz offers here an agenda of inventive solutions to our most pressing economic, social, and environmental challenges, with each proposal guided by the fundamental insight that economic globalization continues to outpace both the political structures and the moral sensitivity required to ensure a just and sustainable world. As economic interdependence continues to gather the peoples of the world into a single community, it brings with it the need to think and act globally. This trenchant, intellectually powerful, and inspiring book is an invaluable step in that process.

The Covid-19 pandemic has revealed the weaknesses of globalisation, exposed the fragility of the current growth model, and accelerated the ongoing tech revolution. This book is an in-depth analysis of these weaknesses and fragilities in the context of sustainability. Economist Marco Magnani suggests the possibility of pursuing a more balanced, environmentally and socially sustainable growth while defusing today's apocalyptic alarmism about climate change, energy and demographic constraints, and the future of work. To make the global economy work for everyone. Marco Magnani teaches International Economics and Monetary & Financial Economics at LUISS University in Rome and lectures on Dynamics of Innovation at Alta Scuola Politecnica of Polytechnics of Turin and Milan. He has been visiting fellow at the School of Advanced International Studies of Johns Hopkins University and senior research fellow at the Harvard Kennedy School.

Trade liberalization, as promoted by the World Trade Organization (WTO) has become one of the dominant drivers and most controversial aspects of globalization. Trade sustainability impact assessments (SIAs) were introduced as a means of generating better understanding of the social and environmental impacts of trade liberalization and of making those impacts more consistent with sustainable development.

"This topical book discusses the extent to which the post-war process of globalization may be considered consistent with the basic requisites of sustainable development. The ongoing debate surrounding this important issue has generated widespread interest but has also polarized public opinion into two opposing camps: those in favor of or against globalization, and those concerned or unconcerned with the requisites of sustainable development."--Jacket.

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.