TED Talks Daily Globalization is ending. What’s next? | Mike O’Sullivan
Dec 7, 2020
Mike O’Sullivan, an insightful economist and author, argues that globalization is nearing its end. He explores its successes in health and poverty reduction while addressing the rise of nationalism and inequality. O’Sullivan envisions a new world order where countries unite over shared values rather than geography. He contrasts the distinct governance approaches of powers like the U.S. and China while highlighting how smaller nations are forming cooperative alliances to tackle global challenges in this evolving landscape.
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Globalization's Decline
- Globalization's benefits, like poverty reduction and democratic growth, are now threatened.
- Mismanagement, including extreme wealth inequality and inadequate crisis response, led to its decline.
New World Order
- The new world order will be defined by distinct approaches and values-based collaborations.
- Regional powers like the US and China will have different governing styles for trade, tech, and people.
Well-being Economy
- Scotland, Iceland, and New Zealand formed the Wellbeing Economy Governments.
- This group prioritizes ecological and human well-being alongside economic growth, demonstrating values-based collaboration.