Taming the Dark Side of the New Globalization

Larita J. Killian ()
Additional contact information
Larita J. Killian: Indiana University-Columbus

Chapter Chapter 18 in The Palgrave Handbook of Corporate Sustainability in the Digital Era, 2021, pp 355-376 from Springer

Abstract: Abstract Advanced digital technology enables the new globalization. Together, these forces have improved living standards for millions of people, but there is also a dark side to the story. Digital technology and globalization create “losers” as well as “winners,” leading to economic and social disruption. Developing countries are especially at risk; their advances in recent decades may be reversed (Bremmer, Us vs. Them: The Failure of Globalism. New York: Penguin Random House, 2018). They need to address the negative impacts to reap the full benefit of digitally enabled globalization. This chapter highlights the negative impacts of digitally enabled globalization on individuals, communities, and nation-states, then reviews proposals for mitigating these impacts, derived from literature. Various proposals involve curbs on monopoly power, regulatory reform, restoring the proper role of government, improved education, labor market reform, universal basic income, and increased international cooperation. At the level of implementation, there is significant integration among these proposals. For example, curbing monopolies will involve regulatory reform, and increased international cooperation may be necessary to achieve other reforms. This topic is timely: a recent statement of purpose by nearly 200 CEOs of global corporations suggests that business leaders may be ready to acknowledge the dark side of the new globalization and join efforts to mitigate the harm.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-42412-1_18

Ordering information: This item can be ordered from
http://www.springer.com/9783030424121

DOI: 10.1007/978-3-030-42412-1_18

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().