SESSION 5: A NEW WORLD ORDER GLOBALIZATION, ETHNO-NATIONALISM, SUSTAINABILITY TUESDAY, 25 JUNE 2019 | 9.00am JOMO Kwame Sundaram Senior Adviser Khazanah Research Institute
Globalization and Its Discontents • Internationalization of production • Consumer vs worker welfare • Few East Asian NIEs • Financial globalization > trade liberalization • Decline of government capacities, capabilities
Ethno-populism/nationalism • Post-colonial societies • Identity vs class politics • End of Cold War → sovereigntism • Rise of the Rest • Blame the Other: foreigners, immigrants
Global warming policy implications • Slow climate change while raising living standards for all • More renewable energy to mitigate • Cannot rely on markets alone; need more R&D, more flexible IPR rules for new technologies • Much more needed for adaptation
. Thank you
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