The Innovation Civilization Podcast

#22 - Mike O'Sullivan - The End of Globalisation: Debt Addiction, Development, Democracy & The Way Forward

Apr 19, 2024
In this insightful discussion, Mike O'Sullivan, author of 'The Levelling' and CEO of Harvest Innovation Advisory, shares his expertise on the decline of globalization and its repercussions on democracy and the economy. He critically assesses economic dependencies and the role of international institutions like the IMF in managing financial crises. The conversation touches on the importance of innovation, education, and the impact of technology on societal cohesion. O'Sullivan also highlights the need for new political structures to navigate the complexities of our changing world.
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INSIGHT

Globalization's End and Its Indicators

  • Globalization ended recently with shifts like China’s new Hong Kong laws and rising geopolitical tensions.
  • Flows of trade, finance, people, and ideas are key measures, all currently under stress or decline.
INSIGHT

Globalization's Impact on Developing Nations

  • The main mistake in globalization debate is focusing only on the West.
  • Globalization helped billions in countries like China and India rise out of poverty significantly.
INSIGHT

Four Major Challenges Ahead

  • We are in an interregnum after globalization with high uncertainty about the future.
  • Four big challenges include managing debt, democracy crisis, climate damage, and tech regulation.
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