Toward an Equitable Re-Globalization

Constantine Michalopoulos ()

Chapter Chapter 13 in Aid, Trade and Development, 2022, pp 359-391 from Springer

Abstract: Abstract A strong anti-globalization movement with populist overtones had emerged by 2020. The pandemic intensified pre-existing anti-globalization sentiments and raised questions about the resilience of the institutions within which developing countries have achieved great progress. This chapter will discuss first the merits of policies aimed at de-globalization and then set out an agenda for policy changes that would lead to a more equitable re-globalization. This has four parts: strengthening the social safety net, addressing the issue of mass migration and refugee resettlement, limiting the power of MNCs, and reestablishing an effective multilateral trading system. Policies of the developing countries themselves are central to the achievement of social justice. But many of the changes require significant changes in developed country policies while some will also require rethinking of the governance and practices of the multilateral institutions.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-96036-0_13

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DOI: 10.1007/978-3-030-96036-0_13

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