Build Better Globalization: Harvard Business Review

People in advanced economies, worried by inequality and stagnant wages, are turning against globalization. But embracing nationalism, and blaming immigration and trade, may not help. Quick fixes could do more harm than good. Kimberly Clausing, author and economist, urges reviewing policies to support workers and communities and reform taxes to share the gains of economic growth. She also urges communities and businesses to recognize their mutual interdependence and increase cooperation: support an open economy and develop welcoming immigration policies; embrace fair regulations; support fair taxes and strengthen international tax rules; improve transparency on taxation, the many loopholes and company pay structures; and consider how increased company concentration reduces innovation, increasing mistrust among workers and customers. Clausing concludes, “If corporate America wants to avoid a turn to more harmful policies, such as protectionism and excessive regulation, they need to be partners that are capable of compromise.” – YaleGlobal

Build Better Globalization: Harvard Business Review

Companies may find a competitive edge – and avoid a regulation backlash – by cooperating with communities, paying taxes and increasing transparency and trust
Kimberly Clausing
Friday, December 20, 2019

Read the article from Harvard Business Review about how to distribute globalization’s benefits.

Kimberly Clausing is the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. This article is adapted from her book Open: The Progressive Case for Free Trade, Immigration, and Global Capital.

  Chile 21%, Ireland	22%, US	24%, Turkey	24%, S Korea	28%, N Zealand, 33% Canada, 33% UK 34%, OECD avg	34%, Spain 34%, Germany 38%, Netherlands 39%, Norway 39%, Italy 42%, Denmark 45%, France	46%

Global competition: Taxes vary and so do levels of social services (Source: OCED)

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