Globalization: Is There Anything to Fear?

 

Daniel Drache

Long before the Internet and the modern information revolution, the belief in the triumphant world market occupied a privileged place in modernity. In every age, global competitive pressures have threatened to topple established state hierarchies and give new property rights to some while stripping others of their meager economic security. If we understand anything about the pursuit of this vision, it is that the globalization narrative has an unlimited capacity to reinvent itself in a new guise when conditions demand it. Today is one of those defining moments.

CSGR Working Paper No. 23/99