In The News

Spiegel Online: Only Radical Thinking and Action Can Tame Globalization

Alexander Jung July 8, 2017
A growing global economy expanded the middle class and wealth for many nations that were once poor. That is of little comfort to the 800 million people who live in extreme poverty. Widening inequality and climate change are serious threats. “The G-20 nations represent two-thirds of the global population, just over three-quarters of its economic output and four-fifths of its greenhouse gas...

Independent: Investors With $2.8 Trillion in Assets Unite Against Climate Change Denial

Ben Chapman February 16, 2017
Taking steps to end reliance on fossil fuels and curb climate change is on the agenda at the meeting of foreign ministers of the world’s 20 largest economies in Bonn, Germany. “But as G20 foreign ministers meet on Thursday to prepare for a climate change summit in Hamburg in July, managers of funds with assets totalling more than $2.8 trillion - more than the entire annual GDP of the UK - called...

Meant to Promote Cooperation, G20 Meeting Shows Discord

Chris Miller September 6, 2016
Fear is growing that globalization has spun out of control, with too many decisions at the local level left by the wayside. Contending with home-front discontent, leaders of the world’s major economies gathered for the G20 summit, encountering many reminders that nations are part of a global community and struggle is sure for any that try to withdraw and resolve big challenges on their own. Even...

G20 Must Address the Anti-Globalization Undercurrent to Stay Relevant

Peter Drysdale September 2, 2016
Immigration, trade and many other aspects of globalization are interwoven into daily routines, taken for granted, and some opponents contend that communities and entire countries can easily sever the connections. G20 leaders, meeting in Hangzhou, China, must address global stagnation and populism that feed resentment and disrupt cooperation, increasing inequality and the power of despots....

G20 Leaders Endorse Crackdown on Tax Evasion

November 18, 2015
Global leaders are pledging to crack down on tax evasion and also work on sustainable growth. The group of the world’s 20 largest economies, including the European Union and 19 countries, “committed to the implementation of the Base Erosion and Profit Shifting project (BEPS) which closes gaps that allow corporate profits to ‘disappear’ or to be artificially shifted to low or no tax environments...

Governance Falls Behind Globalization

Ernesto Zedillo December 3, 2012
Many in the world point to the need for mechanisms to monitor and control globalization, particularly after a decade when debt crises in one country spread quickly around the globe. Yet as economic interdependence continues to build, governance is not keeping pace. Ernesto Zedillo is director of the Yale Center for the Study of Globalization, and as YaleGlobal Online marks its 10th anniversary,...

The Fallacy of Protectionism

Pascal Lamy October 31, 2012
The economic crisis of 2008 and the uncertain recovery that has followed did not result in large-scale protectionism as some expected. There have been worrying signs of the traditional propensity of nation-states to turn inwards when the global economic outlook is bad, but for the most part, countries have exercised restraint. If unemployment and economic stagnation persist, however, this...