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World 3.0: Global Prosperity and How to Achieve It by Pankaj Ghemawat

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Chapter Ten

Global Oppression

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Source: John Backderf

RECENT CHAPTERS HAVE focused on anxieties about potential economic dysfunctions linked to globalization and greater openness. We've seen that problems such as concentration and inequality—problems relating to the economic consequences of markets not working—can occur, but also that they are not nearly as damaging as popular perceptions suggest, and that there are ways that national governments can manage them while still pursuing greater openness. Market failures are not, therefore, an insurmountable barrier to World 3.0; on the contrary, they help define the contours of a kind of limited ...

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