Globalization—In the Name of Which Freedom?

Jeffrey D. Sachs ()
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Jeffrey D. Sachs: Columbia University

Humanistic Management Journal, 2017, vol. 1, issue 2, No 6, 237-252

Abstract: Abstract I consider four waves of globalization. The first is Commercial Capitalism (1500-1800), following the voyages of Columbus and Da Gama. The second is Industrial Capitalism (1800-1950), following the industrial revolution led by the steam engine and mechanization. The third is the Era of Convergence (1950-Present), following the end of the European empires after World War II. The fourth is the New Globalization (Present-2100) marked by three decisive trends: the relative rise of Asia, the Information Revolution, and the stark crises of Planetary Boundaries. I argue that modern globalization must urgently establish a new moral basis and the cultivation of virtues in order to achieve Sustainable Development.

Keywords: Globalization; Convergence; Sustainable development; Planetary boundaries (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s41463-017-0019-5

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