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Ch. 2: How to Judge Globalism

Ch. 2: How to Judge Globalism. Sen (Excerpted from Sen, “How to Judge Globalism,” The American Prospect, 2002). *GL is NOT new, NOT Western, and NOT a curse. GL is a matter of perspective.

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Ch. 2: How to Judge Globalism

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  1. Ch. 2: How to Judge Globalism Sen (Excerpted from Sen, “How to Judge Globalism,” The American Prospect, 2002)

  2. *GL is NOT new, NOT Western, and NOT a curse

  3. GL is a matter of perspective • The Western narrative of GL begins with the Renaissance, moves to the Enlightenment, and the Industrial Revolution • BUT, if we go back to 1000 AD we find that GL moved from East to West

  4. Global Interdependence and Movements • It’s the idea that GL=Westernization that incites parochial tendencies • i.e., resistance to all Western imports, even "positive" ones, e.g., shared values around freedom, knowledge, science, etc.

  5. We need to move beyond the East-West dichotomy

  6. Non-Western societies should NOT reject GL in principal • We can’t reverse economic predicament of poor by withholding advantages of technology, international trade, social and economic merits of living in an open society • The issue of distribution of economic gains/losses is a separate critical issue

  7. Global Justice and the Bargaining Problem • Issue is not whether a particular arrangement is better for *everyone* than no cooperation at all • One cannot rebut distributional concerns by saying *everyone* is better off • Fair distribution of benefits is important

  8. So-called “anti-GL” protests have become the most globalized events in the contemporary world • Protesters focus on the distribution of globalization’s benefits

  9. Altering Global Arrangements • The issue is not whether to promote market economy • Market economy is compatible with different ownership patterns, resource availabilities, social opportunities, and rules & regulations • It's hard to achieve economic prosperity w/o benefits of exchange and specialization • BUT, markets don’t self-regulate!

  10. Success depends on enabling conditions • Enabling conditions depend on economic, social, political institutions at national & global level • And there’s an urgent need for reforming institutional arrangements

  11. Institutions and Inequality • Market outcomes are massively influenced by public policies in education, epidemiology, land reform, microcredit, legal protections, etc.

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