The third wave of globalisation: Achieving sustainable and broad-based growth in the global economy
For the past year, Lord Mandelson has been working with IPPR to examine the future of globalisation and consider how the global economy is changing, what the rise of China and other fast growing economies means for our international rules and multilateral organisations, and how a medium-sized developed countries like Britain can earn a living in the 21st century.
Tuesday 7 February, 10.00–11.30am
Standard Chartered, 1 Basinghall Avenue, London EC2V 5DD
in association with the Foreign Press Association
This work has culminated in the publication of a report, The third wave of globalisation, at Davos on 26 January. It concludes that like our model of capitalism itself, globalisation is not working in the way progressive societies can and should require. Second, globalisation remains one of the best tools we have to achieve the progressive goals of sustainable growth and broad-based increases in living standards around the globe so long as we have the right policies to guide it.
People, particularly in the developed world, are understandably concerned about whether globalisation is essentially in their interests. They fear that as the east emerges, the west will become ‘submerged’. However, as they grow, these economies create new markets for high-value goods and services from the west. The challenge for developed countries is to be smarter and more specialised, more innovative and more energetic, if they want to secure their share of the world’s rising demand. The report makes a series of recommendations at the international and domestic level to ensure that globalisation in the future delivers a more broad-based and sustainable form of economic growth in all regions of the world.
Lord Mandelson will present his reflections on the report and answer questions at this London-based event. He will be joined by IPPR’s Will Straw, co-author of the report, who will present some of the key findings, and by Standard Chartered’s Gerard Lyons, who has written extensively on the changing nature of the global economy.
- Lord Mandelson, former EU trade commissioner and UK secretary of state
- Will Straw, associate director for globalisation and climate change, IPPR
- Gerard Lyons, chief economist and group head of global research, Standard Chartered Bank
Chair: Nick Pearce, director, IPPR
To reserve a seat at this event, please email firstname.lastname@example.org or call 020 7470 6100. Places are strictly limited and will be allocated on a first come, first served basis.
Author(s) : Will Straw - 03 Feb 2012
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