Submission to the Government’s White Paper on Globalisation

Overview

Global economic integration poses the greatest development challenge of the 21st Century. The expansion of world markets through increased flows of trade and finance has created unprecedented opportunities for wealth creation, yet the human development gains have been disappointing. The benefits of globalisation have been disproportionately captured by rich countries and powerful transnational companies, while poor countries and poor people have been left behind. The gap between winners and losers is widening at an alarming rate. What is needed is a system of global governance capable of narrowing this gap and distributing opportunity more widely.