Plenary Session III: Shaping Globalisation
A New Era of Globalization? The Role of Robots
Dalia Marin Ludwig-Maximilians University Munich,
About the Conference: The Crisis of Globalisation
The market-radical regime of globalisation started to unfold in the 1970s. Since then, integration of financial markets and global value chains have grown to unprecedented levels. Multinational companies and financial institutions have gained substantial power. Globalisation produced winners, but also many losers. Contrary to expectations, many countries have experienced low GDP growth, accompanied by financial booms-bust cycles and high unemployment. Inequality within countries and between developed and poor countries increased, with only a small number of developing countries catching up. Right-wing parties are on the rise and hit long-standing left anti-globalisation movements. All this seems to indicate that the present type of globalisation is economically and politically exhausted. At our 21st conference, we will assess how the past globalisation process can be explained, in which direction it may develop, and which policies are needed to make the global economy beneficial for all.
