YES! Topics 2018

Rooted in the village – but at home in the world.
How local bonds can mitigate globalisation fear

 

This challenge was introduced by Rolf J. Langhammer, IfW Kiel Institute for the World Economy 

 

Fears over globalization have become a pertinent phenomenon in many rich countries. Benefits of globalisation such as consumer gains have been downgraded while challenges from globalisation regarding pressure on jobs have gained ever more room in the mindset of many people. With changes in the appearance of globalisation from trade in goods to migrant inflows, this imbalance between the view on chances and risks from globalisation has intensified.

 

Yet, there are some hopeful signs of successfully coping with the imbalance. Many of them are rooted in so-called “glocalisation”, that is strengthening ties of people to local communities and thereby helping them to be sufficiently “grounded”   to actively contributing to building networks with the global world. Examples of such contributions are twin city partnerships, relationships of schools, churches and other organizations of the civil society to partner institutions particularly in developing countries, links of the local economy to the foreign private sector, the cooperation of municipality administration with their local foreign counterparts etc.

 

While “glocalisation” is financially supported by governments or by the EU, many initiatives lack sustainability: after a promising start they fall into window dressing and become paper tigers. Reasons for the often observed decay of “glocalisation” initiatives are sole reliability on the engagement of individuals, informational weaknesses, and the so-called hub-and-spoke-problem. The latter describes isolated links between a single hub (say a municipality in a rich country and a single spoke (say a community in a poor country) which degenerate because they are no links between hubs and between spokes.

    Region North

     
     
     
     

    Academic Partner

    The Kiel Institute is an international center for research in global economic affairs, economic policy consulting, and economic education.

    The Institute engages especially in creating solutions to urgent problems in global economic affairs. On basis of its research, the Institute advises decision makers in policy, business, and society and informs the broader public about important developments in international economic policy.

    As a portal to research in global economic affairs, the Kiel Institute has established a network of International Research Fellows that supports the worldwide awareness of the Institute’s activities and gives additional research impulses in form of scientific advice, joint research, and teaching stays in Kiel. The Institute lays a special focus on economic education and closely cooperates with the world’s largest library in economic and social sciences.

    The Kiel Institute has been partner of the YES! since 2015.