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Making Globalization Socially Sustainable

image of Making Globalization Socially Sustainable

Globalization is widely seen as a powerful engine that has the potential to promote growth and development but concerns have been raised about the effects of globalization on jobs and wages. This book, co-published by the International Labour Office and the World Trade Organization, discusses ways of making globalization socially sustainable.

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Redistribution policies in a globalized world

Does the process of economic globalization curtail the capacity of national governments to pursue autonomous economic policies at home? Does the growing cross-border mobility of factors (and its associated threat of capital flight) discipline governments and limit the level of taxes and of public spending? Is economic integration inimical to redistribution at home? If trade and financial liberalization lead to higher levels of within-country inequality (or, at least, the emergence of economic sectors that bear significant economic losses), can states develop economically sustainable policies to compensate those made worse off by trade reforms? In fact, are there any particular policies that can make economic globalization and fair social policies at home (designed to share the gains from trade) compatible?

English

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