Future of Globalization : Explorations in Light of Recent Turbulence

Contemporary globalization has been severely jeopardized by recent turmoil. The end of the economic expansion of 1990s, the 9/11 tragedy and the war in Iraq have shocked the international system to an extent not seen in years. Not only has the fairness and adequacy of globalization been doubted by various constituencies for some time now, but lately even its irreversibility has been called into question by the sheer force of geopolitical and economic turbulence. Contributed to by two former national Heads of State, Ernesto Zedillo and Mary Robinson as well as a host of leading academics including Nobel Prize winner Jospeh Stiglitz, Philippe Aghion and Jagdish Bhagwati, the papers in this volume were prepared for a conference organized by the Yale Center for the Study of Globalization and the World Bank on 'The Future of Globalization: Explorations in Light of Recent Turbulence'. They take stock of the debate on globalization and explore ways to make globalization more beneficial for individuals, communities and countries, as well as to reduce its insufficiencies and mitigate the risks it faces.