{"id":22048,"title":"Is Globalization Broken?","link":"https:\/\/bst-europe.eu\/de\/globalization\/is-globalization-broken\/","date":"10. Mai 2019","date_unix":1557479495,"date_modified_unix":1688390648,"date_iso":"2019-05-10T09:11:35+00:00","content":"<p>On Monday, May 13, we bring together researchers and politicians to discuss the current state of globalization and exchange ideas about its future course.<\/p>\n<h2>The Dark Side of Globalization<\/h2>\n<p>The Financial Crisis of 2008 gave globalization a bad name. Ever since, it has been synonymous with a loss of control and an increase in instability \u2013 particularly in the West.<span lang=\"EN-US\"> This sentiment shows in our 2018\u00a0<\/span><a href=\"https:\/\/bst-europe.eu\/research\/studies\/a-safety-net-to-foster-support-for-trade-and-globalisation\/\" target=\"_blank\" aria-label=\"\u00d6ffnet in einem neuen Tab\" ><span lang=\"EN-US\">survey on attitudes toward globalization<\/span><\/a><span lang=\"EN-US\">.<\/span>\u00a0While there still a vague feeling that globalization has its good sides, respondents fear its negative effects on income growth, job security and social cohesion. Calls for a \u201csafety net\u201d for globalization have been growing louder and louder. In Germany, for instance, only 25 percent of all respondents were convinced that the government has done enough to shelter its citizens from the\u00a0<a href=\"https:\/\/bst-europe.eu\/allgemein-en\/the-pros-and-cons-of-globalization\/\" target=\"_blank\" aria-label=\"\u00d6ffnet in einem neuen Tab\" >pains of globalization<\/a>.<\/p>\n<h2>The Big Backlash<\/h2>\n<p>Tapping into this mood, populist movements all across Europe and in the United States have started to sing the siren songs of isolationism. The widening economic gap between the winners and losers from the global integration of markets and societies provides them with massive resonance space. As a result, populist parties and platforms could very well continue their rise and their winning streak at the ballot box. The nationalist and protectionist policies threaten to bring about a new era of economic and political fragmentation. The tariff saber rattling between the United States and China might be just one shape of the things to come.<\/p>\n<h2>Reviving Globalization<\/h2>\n<p>De-globalization is not the answer. It does not make the world a more safe, just or prosperous place. Quite to the contrary, steps toward disintegration come at a huge <a href=\"https:\/\/bst-europe.eu\/research\/studies\/does-brexit-spell-the-end-of-comparative-advantage\/\" target=\"_blank\" aria-label=\"\u00d6ffnet in einem neuen Tab\" >political and economic cost<\/a>. What we need instead is a sound assessment of what went wrong with \u201cglobalization 1.0\u201d and a compelling vision of how \u201cglobalization 2.0\u201d should look like in order to regain the support for open markets and societies. How can we increase trust in democratic governance and the social market economy in times of disruption and transition? How can we reform political systems and empower people to cope with the challenges of globalization?<\/p>\n<h2>Our Event<\/h2>\n<p><span lang=\"EN-US\">In order to answer these questions, we team up with Berlin<\/span><a href=\"https:\/\/libmod.de\/en\/\" target=\"_blank\" aria-label=\"\u00d6ffnet in einem neuen Tab\"  target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"EN-US\">\u00a0Zentrum Liberale Moderne<\/span><\/a><span lang=\"EN-US\">\u00a0and organize a roundtable in Berlin on Monday, May 13 (discussion in German, original title: \u201cGlobalisierung kaput?\u201d).<\/span>\u00a0Marcel Fratzscher, President of DIW Berlin and Karen Horn (Journalist and Author) will kick of the event by taking a closer look at the current state of globalization. Members of Parliament Danyal Bayaz (Green Party), Andreas Nick (Conservative Party) and Michael Theurer (Liberal Party) will contribute ideas on how we should move ahead \u2013 on the national, the European or even on the international level.<\/p>\n","excerpt":"<p> On Monday, May 13, we bring together researchers and politicians to discuss the current state of globalization and exchange ideas about its future course.<\/p>\n","thumbnail":"https:\/\/bst-europe.eu\/wp-content\/uploads\/sites\/24\/2019\/05\/R8P0770_Den_demographischen_Wandel_gestalten_2012_Original_31235-e1557480214618.jpg","thumbnailsquare":"https:\/\/bst-europe.eu\/wp-content\/uploads\/sites\/24\/2019\/05\/R8P0770_Den_demographischen_Wandel_gestalten_2012_Original_31235-e1557480214618.jpg","authors":[{"id":20300,"name":"Thomas Rausch","link":"https:\/\/bst-europe.eu\/de\/blogger\/thomas-rausch\/"}],"categories":[{"id":152,"name":"Globalization","link":"https:\/\/bst-europe.eu\/category\/globalization\/"}],"tags":[{"id":175,"name":"globalization","link":"https:\/\/bst-europe.eu\/tag\/globalization\/"}]}