Beyond the orthodoxy of globalisation

Melanie Howard
Future Foundation

Seismic economic shifts in the west and China will see globalisation take on radical new meanings.

Globalisation is currently the subject of much debate. One argument, set out by François Bourguignon in The Globalisation of Inequality, is that globalisation must still be seen as the central, immutable force of the 21 st century, albeit one that is bringing with it new patterns of inequality and the necessity of individual entrepreneurship.

Another view, from Sean Rein in The End of Cheap China, is that we are moving towards an era of reverse flow, in which the empowered Chinese worker (and consumer) will no longer be prepared to provide cheap goods to western markets. This will have a profound impact on current business models that are based on the assumption of the endless supply of cheap labour.