How Reversible is Globalization?

A deeper understanding is needed about the linkages between GLOBALIZATION and power diffusion in the world today: transfer of power from the State to various groups, or to the supranational level, among other dynamics. The coexistence of a state-centered world (anchored in borders, sovereignty, centralized institutions) with a world connected by flows (organized around networks, connectivity and data, digital economies), has negative and positive impacts, and brings in various challenges both on security and development. The current management of migrations is an example of the implementation of traditional / territorial security approaches in a reality that relates to flows and networks.

In this framework, we witness a major deficit in global governance. Political institutions were not adapted to globalization, and this in turn triggers discontent and a dissociation from the people’s aspirations. The new normality is a lack of certainty: traditional political parties are fragmented and both right and left indulge in internal divisions, while there is a major fracture between those who advocate for greater openness and those calling for more protectionism and nationalism. Another issue is the impact that technological developments, robotics and artificial intelligence will have on economic recovery and in the organization of our societies. The system must work in a way that people don’t feel excluded and the basic question for each one should be “is globalization working for you?”