IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-42412-1_18.html
   My bibliography  Save this book chapter

Taming the Dark Side of the New Globalization

In: The Palgrave Handbook of Corporate Sustainability in the Digital Era

Author

Listed:
  • Larita J. Killian

    (Indiana University-Columbus
    Universidad Privada Boliviana)

Abstract

Advanced digital technology enables the new globalization. Together, these forces have improved living standards for millions of people, but there is also a dark side to the story. Digital technology and globalization create “losers” as well as “winners,” leading to economic and social disruption. Developing countries are especially at risk; their advances in recent decades may be reversed (Bremmer, Us vs. Them: The Failure of Globalism. New York: Penguin Random House, 2018). They need to address the negative impacts to reap the full benefit of digitally enabled globalization. This chapter highlights the negative impacts of digitally enabled globalization on individuals, communities, and nation-states, then reviews proposals for mitigating these impacts, derived from literature. Various proposals involve curbs on monopoly power, regulatory reform, restoring the proper role of government, improved education, labor market reform, universal basic income, and increased international cooperation. At the level of implementation, there is significant integration among these proposals. For example, curbing monopolies will involve regulatory reform, and increased international cooperation may be necessary to achieve other reforms. This topic is timely: a recent statement of purpose by nearly 200 CEOs of global corporations suggests that business leaders may be ready to acknowledge the dark side of the new globalization and join efforts to mitigate the harm.

Suggested Citation

  • Larita J. Killian, 2021. "Taming the Dark Side of the New Globalization," Springer Books, in: Seung Ho Park & Maria Alejandra Gonzalez-Perez & Dinorá Eliete Floriani (ed.), The Palgrave Handbook of Corporate Sustainability in the Digital Era, edition 1, chapter 0, pages 355-376, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-42412-1_18
    DOI: 10.1007/978-3-030-42412-1_18
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-42412-1_18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.