| dc.description.abstract | Global markets, global technology, global ideas and global solidarity can enrich the lives of people everywhere. This year’s Report argues that globalization is not new, but that the present era of globalization, driven by competitive global markets, is outpacing the governance of markets and the repercussions on people. Characterized by “shrinking space, shrinking time and disappearing borders”, globalization has swung open the door to opportunities.
Breakthroughs in communications technologies and biotechnology, if directed for the needs of people, can bring advances for all of humankind. But markets can go too far and squeeze the non-market activities so vital for human development.
As argued in the Report, globalization requires leadership because:
People everywhere are becoming connected — affected by events in far corners of the world;
The 1990s have shown increasing concentration of income, resources and wealth among people, corporations and countries;
Poor people and poor countries risk being pushed to the margin in this proprietary regime controlling the world’s knowledge;
With stronger governance, the benefits of competitive markets can be preserved with clear rules and boundaries, and stronger action can be taken to meet the needs of human development;
Narrowing the gaps between rich and poor and the extremes between countries should become explicit global goals; and
An essential aspect of global governance is responsibility to people — to equity, to justice, to enlarging the choices of all. | en_US |
