Talk: Globalization - Opportunity or Risk? | Global Talk

immobilization risk or opportunity we have complete analysis this is global talk on DW I'm Sara Kelly we are coming to you today from the post tower in Bonn Germany globalization is impacting the lives of many is it a good thing or should we be concerned who are the winners and losers and what Mike globalization look like over the next century we will try and answer some of those questions for you so let's get straight to the introductions Frank Apple is the CEO of Deutsche Post DHL group the world's leader in global logistics he says that globalization is a powerful engine for peace and for prosperity vitold Orlowski is a member of the Polish prime ministers Economic Council and chief economic adviser to PwC in Poland he is director of the Warsaw University of Technology Business School and he says that his country has benefited enormous ly from globalization but that it needs a new set of rules yosef yawning is a senior policy fellow at the European Center of Foreign Relations he researches how globalization impacts people's society and governance he will tell us what globalization may mean for democracy and also for our security and look at the social view from David Brady his work focuses on globalization impacts on poverty and social policy he is a director at the Berlin Social Science Centre for inequality and social policy thank you to all of you for joining us today and I want to begin with the state of globalization right now Frank your company it operates in many countries globalization is a key element of your business in fact every year you release what's called the globalization connectedness index what is the state of connectedness today you know the world is more connected than it was of that after the financial crisis it dipped quite a bit and has recovered and is now again starting to more global eyes again but if you look into some facts you know if you guess how many calls are really cross-border it's only two percent so top treatment I think is not right saying the world is flat already I think we still have a lot of fences and barriers and I think we are still at the beginning of a journey to really create a flat planet so that's a long way to grow but I think we on the right right journey okay so it sounds like there's a lot of room to grow but even despite that fact you know so if you say that globalization is taking place taking place at the moment at a pace that is far too quick and that we're not equipped to deal with it why is that well it's not too quick in economic terms or financial terms I think business actors have adjusted to the pace the problem is that societies don't react that fast societies take a longer time to adjust to new realities politics takes a longer time to find the ways to deal with it to find out what needs to be regulated and what not and how to do it in a an increasingly borderless political environment while the political organization is very spacial is very territorial so that will take more time and as the speed continues politics needs to catch up a little bit of room to grow I guess the tough thing with that though is that if politics have to catch up it's you know what's the politics gonna look like I don't see the EU being small I don't see the EU or the IMF being it you know failing to catch up I see them driving a lot of the global trends the problem is when we see this sort of transnational governance it looks very different than domestic governance and I think that the sort of politics we see in the IMF and the EU which are extremely powerful perhaps ahead of some of the global developments they don't seem to be very responsive to citizens in the way that domestic politics has to be and now David when we talk about globalization what exactly are we talking about because when we were talking before the show you said you know this is a term actually that's misused by some yeah it's not helpful if we call globalization some sort of vague buzzword some catch-all if we solve books with the term globalization in it what have you that's not very helpful I think it's helpful to be concrete and to think of it as multi-dimensional so what is it and what create its economic meaning trade-investment people it's cultural which is the most difficult to measure but it probably reflects communication education diffusion about and it's political and it's these sorts of transnational institutions and I think we understand them differently and they are linked of course they're linked and it's hard to say which causes which but I think those are the helpful three pillars of globalization that we see in play these days okay we'll try and explore all of them you may disagree and I also want to know from you what has bubble ization meant for you yeah but first of all disagreeing right I mean it's more interesting for me globalization is not the trade it's not the investment is that globalization the state of minds right I mean there is a market and at the moment when people start thinking the businesspeople for example that I should I think about my market as my domestic market why shouldn't I think about the whole wet why shouldn't I think as a production side only about my country why shouldn't I think about in the global cattle in the global horizont at the same with the investment the same with their people so basically I guess that and coming back to their to their point about the institutions that are not up to the level of if you agree with my definition that the state of mind has changed people in our own actions we started to treat the whole work as one side then the institutions might adjust master justice if the institutions do not adjust then there's start to be a problem right and we see a lot of the problems like that you asked me about my my country or the region I come from certain sector Europe we've benefited a lot from the globalization I mean we are the happy kids of the globalization yeah I mean we obviously there are some people who are unhappy but basically this is the region that they're benefited but I know very well that there are regions that have got much more of the question marks about this especially the problem appears first when the red nation's groups that think they do not the the benefits like the other day and secondly if it is against if it's going too fast for them absolutely absolutely and you know what I actually want to ask Frank because I thought this is really interesting what you just said globalization is a state of mind Frank you've run a huge company would you agree with that statement yeah I think and an in combination even if Joseph set is really interesting you know I I sometimes say for me an employee in any country of the world is equally important than in the country of our head office here in Germany so if you say that to a politician or to the press or to an employee say what do you mean I say I mean that they are equally important you know I don't differentiate between and Chinese and American South African or German they all work for our company successfully and that is a global mindset difference dramatically across countries you're not paying the delivery drivers the same in Germany as you are in suffer a lot also they are treated differently there are they are treated differently because the environments are different but they are equally important for our service quality and what they do and therefore we we see them as equally important for what we provide to the customers of course the environments are different regulations are different but if I think about what we do the and we are not you know we are not moving drops across border because you want to drops across remove drops across border we I really need them there locally because otherwise we can't provide the global service whittled do you agree with that because I mean there are many multi national companies that are operating in Poland do they have the same set of set of standards as Frank just mentioned for their Polish workers as the workers in their domestic sometimes one can see that okay what you said it's excellent I mean it should the well should look like that right the truth is that sometimes it's it's it's it's not true I mean the the companies do know where is their home do know where are the places when they are the guests sometimes if you think that the basic choices between kinds of concentrating on the short-term profits and building the long-term value is a good to our good citizen corporations and so that's one Sun then one should say that it is a common thing that outside the home country the companies are much less good corporate citizens and much more profit oriented in my country I must say we are not the extreme case we see some elements of this but but but clearly there are some quite an telling stories about the companies doing somewhere in Asia in Africa things that will they they want to hide actually they are that's important question if you talk about standards because that's a challenge I hear quite often and we should not forget you know Europe was not obviously Europe but it's now and some countries are hundred years behind us from the development stage and if we create jobs in these countries and pay them on local standards well we hope them that these companies become better countries because you know you give people a perspective they can grow they can earn more money if you would say we have to ensure everything from you know a very rich country like Germany to these countries we would kill the business immediately instead of trying to raise the standards over time you know Germany or Europe was not always like it is now even 20 years ago it was different Poland was 25 years very different from now and I think we can't move immediately from the standards we have here to have these tennis everywhere I think we can make a journey and improving by offering on local terms fair jobs and good working you have a corporate social responsibility program do you think that some of the biggest winners have been large companies like your own I think the word overall has was the winner I believe because if you look now into statistics how in which shape the world is now in 20 years ago 50 years ago I believe them well through globalization has made a great progress I always say after the Second World War the globalization was the peacemaker for the world it was not politicians as was not companies the globalization because you don't try to have war with your neighbor if you have heavy and and you know therefore you know it has helped tremendously the us a perfect example you know the extension to the Eastern Europe is a perfect example you know how much free trade how much global is zero you just have to create a more peace for a country we sometimes believe we live in a difficult situation at the moment we should not forget where we come from and how much better the planet is now and that is thanks to globalization but would you say that the winner of globalization has been these large multinational companies we have been winner but many people who work for our company our customers think about all the jobs which have been created for globalization they are millions and millions of winners and there if you if any losers because if you adapt the local environment even the European countries do very well still and the living standards do you think I don't know if it's big small companies I think it's more the distribution of resources even within the big corporations so the problem isn't that there are big corporations like DHL that are winning in globalization that's good news I agree with you this great job growth in developing countries but the problem is when the revenue comes back its distributed very poorly in rich countries so the rise in the top 1% in the United States the the global financial elite that distribution of compensation doesn't reflect productivity it's not very efficient and so that's been a dilemma is that I agree with the premise that globalization has led to job growth it's been good for many firms small and large but the problem is even within firms the distribution of compensation has been dramatically out of whack you know I want to bring the quote actually because this is a quote from Jimmy Carter he said this back in 2002 if you're totally illiterate and living on one dollar a day the benefits of globalization never come to you does that still hold true today and I'm gonna point that to Yosef I don't think so now because the process now has expanded half of the world's poor live in India and China and they indeed have made progress middle classes in both of these countries have been growing and middle class is a very important building block of a fairer society of a more just a society that is governed by the rule of law and has helped to take a lot of people out of poverty it has great great costs social costs environmental costs you know infrastructure cost so there there's a there's enormous job to do to kind of organize the public space but as Frank has been saying earlier look at Europe in the 1860s 1870s we have built the level of wealth we enjoy now not on perfect standards but we once we've got there once the process was rolling there was enormous pressure on decision makers on elites on policy makers to then regulate to then build a welfare state to level standards to control the pollution and everything but is that a case that can really be extrapolated because I mean Europe it had a shared history already there were democracies here well when industrialization began it wasn't so democratic it took us a while it took us a while to build this kind of integration is these inclusive societies that we by and large have today and that's still not happening to the same degree in many other parts in the world I think we do that now and still you know the fact that that you have 200 million middle class Indians today it doesn't mean that there isn't great in striking poverty in other parts of the country you know there is simply no way at hand for policymakers or civil society actors to solve it all at once they just need to to not only keep the economic ball rolling but to keep the social ball rolling alongside that's the hard part I want to ask you because you've mentioned that your country has really benefited enormous ly from globalization is there a segment of the population though that has been left behind yes obviously and well you know always if you've got a fast change right even if it's good change for good you've got always people that are left behind it's absolutely clear you don't have to ask for the globalization I mean you've got the development of the big modern trade and today our shop loses more shop owners who who may lose on this I mean it's always the solemn the change always has got some some groups that are especially those ones that cannot adjust and that's in a sense more of social than the economic problem fully agree with Frank that basically privately obviously that globalization is a benefit for everybody but those ones who cannot adjust easily well unable simply to do it may those on this well the interesting point was about the European social model because in a sense this is all an interesting story because the globalization is in a sense forcing even the social model in a rich country like Germany to be adjusted right because in the conditions of the globalization it's impossible to have the same model that was working perfectly in their sixties right so everybody must adjust to it and if there is no adjustment if because of some results a country a society a group is unable to adjust then it may loosen them in all on the globalization so two dimensions of the debate that are going on one is this assumption that if we become more global a social model might be incompatible but think about the most global countries we've got there the small Scandinavian countries that have the most generous well first is that have the most engaged social democracies that we have so small countries tend to have big welfare states they have social democracy and they trade a lot okay so I think there's a lot of notably modernize that I mean they've got that decrepit stage but modernized ability between globalization and social democracy I agree - David you know then if mobilization gives opportunities for many people and and the country's who benefit from that and there in the developed world you know we have to take care of two things one is that we give everybody proper education because you know the jobs we create here are different draws when we had 10 years 20 years ago and that's the first and so give everybody the chance to develop his own life and the second is I think you you're right we have to keep certain things and balance so that I'm paying 50% in taxes from a very good salary I get it's perfectly fine for me because I understand I live in a country and I make a lot of money and my salaries mean we funded from the profits we make not in Germany but in other countries but I'm how could you share that if a local where I live so and that's perfectly fine and we have a health care system in Germany which is you know funded from the whole society and not just from the rich and what's or you know it's only available for rich people so I think you can do certain things and I think the Western world have to keep it in mind that if we develop and become richer that we keep things in imbalance and I think that's perfectly right and and that's the challenge for the Western world because you know we become more and more service industry and how you keep that balance if a country becomes a service service and we we shift to the bricks for example to emerging economies do you think that globalization that they've really won out of this or is there the risk of exploitation for example because maybe not everybody realizes that paying 50 percent of your taxes is is for the social good perhaps people have more of a short-term profit mentality yeah I mean I think East Europe has won some elements of globalization although there's evidence that the countries that received the most foreign investment have done the worst in the post-communist era the big winners the globalization of the BRICS so I mean we can't talk about globalization without India and China that's half the world's population most of the world's poor and they've certainly benefited from being where they were 25 years ago the losers of globalization are those that are not part of the global trade regime so would you rather be China or would you rather be sub-saharan Africa and I think it's clear you'd rather be China the dilemma for us I think is that can we see a model where as China and India globalized they're gonna have the sort of Social Democratic Democratic politics that you saw in Europe and I'm not terribly optimistic I mean China is a brutal regime India's a hopelessly corrupt quasi democracy so you need that sort of political cultivation that existed in Europe with industrialization and globalization and the dilemma is I don't see it happening in China and India yes if you are a political scientist could you respond to that and I see it happening it doesn't happen maybe at the at the right pace or to the to the right extend but look at the Chinese leadership they are under enormous pressure probably you know these pressures of a rising middle class here but still a lot of people struggling trying to get away from the country into the cities is probably the major legitimizing force of the single Communist Party that that governs China but they are now faced with a number of demands particularly from those middle classes they want to secure the wealth that they have accumulated no they weren't a rule of law therefore they want some local participation to some degree we even have on the local level we have now Communist Party members competing with each other for a job in public government that's I think you know corruption is an interesting subject you know Europe and the US were significantly more corrupt hundred years ago as well what changed that the emerging middle class because as you said they worked hard for their money and for their and they don't accept to pay twice for the same through Texas and then extra tip for somebody so and therefore the the biggest enemy of corruption are is a rising middle class and you see that in the Western world and you see that in the merchants country so what we can do and that's the reason why I'm always saying if we create good-paying jobs in these countries we are helping that these countries will get on the right track because the middle class will do more of course can I answer because this middle class of focus we should also not lose for Europe now one of the problems we have in Europe and in the United States is that our middle class is shrinking and the middle class actually is the is the biggest interest group in in our democracy oh it's the the the very rich have other means and they are sometimes even delocalized because they live here and they're the very poor their main interest is in benefits but it's the middle class actually that has this vested interest in building a reliable rules-based and sound system because that's what they rely on and people like quickly middle-class lost in globalization are they the losers of globalization not in China in India in the United States in Europe maybe I think the dilemma is twofold one is that I don't trust the global political institutions like the IMF and the World Bank and the EU to do anything about the governance of these sorts of political institutions in India and China and places where we need to cultivate them so that's a real dilemma second dilemma is that when we brought resources back to the first world when the first of all does benefit from globalization it's been very poorly distributed and so it's been ending up sort of you know running to the top 1% and a much higher level and it should very inefficiently very you know in a very dysfunctional way and so then you you understandably get a lot of political resistance globalization in rich countries let me disagree with first of all let's not blame globalization for everything right I mean the increase of the income polarization in the United States has been caused by the changes in the US taxation over the last 50 years or something like that and not by the globalization the rise of Finance capital both of which are linked to globalization ok maybe partly but partly although that in turn I think I my point would be that obviously in my view the middle class I mean as as Fran said I mean whoever is well educated can really bring the benefits of their government so the middle class is basically in my view the the first winner on the on the globalization ok the fact that the middle class can make some errors making too much depth on mortgage loans taking too much longer the motorist losses breaking the price but that's another story that's really not the globalization to deplane fall for this but the point is that in my view they made the increase of the middle class is exactly the effect of the globalization and that maybe not as optimistic as Francis Fukuyama was that he was telling it an early night is right that this is the beginning of the world in which we all agree on the same principles on the same values but as I've said I mean we see that the middle class is interested basically in the prosperity safety security so the same things that independently on the philosophical political system we all say this is something good for the for the global economy physicians are rated by global finance as they were and that wasn't the failure of the middle class to make good market investments that was a dilemma of their pensions their savings their equity was squandered by global funds there is no doubt that in some areas for example finance there are some questions out well the economy's now as them said the question is the liberalization of the global deprivation of the short-term capital flows good or not because we all knew that it's good to liberalize the capital flow question for you do you think that the world needs a social governing body that makes sure that globalization is developing in a responsible way that it keeps corporations and also countries in check it may but I think it will never get what you know but it's not in an ideal world I would see networks of social governing bodies you know I would see that the the higher degree now of shared information then leads actually to the fact that you have policymakers a political interest group political parties societal groups NGOs actually working on a similar agenda no and you know if we were wait for world government that's gonna be a long way down the line but if if we invest into such processes in and communication social media you know this this very dense interaction that is now developing across the world is one way to it then we can get functional equivalence to world government through convergent networks which basically pursue a similar agenda and that inform each other that you know multiply each other's effect institutions may have locally Frank I want to talk about your social responsibility program in your corporation how are you addressing the pitfalls of globalization you mentioned education earlier what else are you doing yes so you know you know that's a part of our overall strategy that we have three pillars we call that Go Green go help and go teach so and what we are doing there we have self committed ourselves to increase the carbon efficiency of our company because of course transportation creates a lot of you know carbon emission and we think they have to do something so we have done that we committed ourselves to improve it significantly we made already a long way on that journey the second is what we call go teach where we really think that we should help children who are not from coming from underprivileged areas are not you know they're from their universities and therefore we invest heavily in you know SOS Children's Villages and you know we have fellowships for or you know for our employees children and not for the well paid for the normal workers and the third element is that you know we we do something what we call go help the natural disasters are happening what is not missing is money what is missing is logistics expertise and we sent our volunteers on the demand of the UN in natural disaster situation the last big one was on the Philippines where you know all bridges were broken roads were destroyed and what was missing is logistics expertise how you bring the goods to the people in need and and this is what our people doing we are very probably have 400 volunteers around the world they had any time ready on demand of local governments and vun to send we sent in and help these are our employees because we we have a little distresses but you see yeah David our corporate social responsibility programs like that enough or do we need more they're mostly public role they're mostly public relations sorry I don't have any hope that corporate social responsibility is gonna solve the world's problems I agree the best thing that DHL can do for the poor and the developing world is give them a job that's the best thing and beyond that it's mostly public relations so I'm not optimistic about corporate social responsibility if they pay their taxes HL pays their taxes and creates jobs in the developing world they're doing a good thing and that's the most we can expect of your government I mean what is your government doing to make sure that these multinational corporations that are operating in your country have corporate social responsibility programs and that they're operating in a way that is socially responsible you know the point is you cannot force anybody to have it I mean if you are talking about about the real responsibility it must be the real wish of the company rather than them being fork I mean if somebody's being forced he can make a fake start out of this but I would say that I would come back to the Franks my first point I mean the education the good regulation the the source of the functioning of the society of the open society in which there's a lot of them the government must obviously has got its role in this well depending on the country in there governments don't do that well then they should okay in range of the government's from from kind of failed state that do not think through their states in which we are living for them in Europe in which information I mean the government don't have to do to run the information they must make sure that there is a free float and information but but it's basically done by the Society by their by their private sector so depending on the situation but the education the free society the open society the information and the good functioning of the of the markets probably key and the rule of law obviously yeah well let me add to both of that and David you are somehow right and wrong you know it's it's you know what we do on corporate social responsibility than PR it's I think it's even more important internal even externally because you know we are we are a company which have 56 billion revenues which is equal to the GDP of the 64th largest countries so we are not small so we have influence and we asked our people in any country of the world you know confidential about their feedback we trained them in Democratic systems because they can give us feedback and we don't know what they say what is basically democracy if we talk about we use our carbon footprint they start talking about their environment is just more than the surroundings and they start thinking about and we do that in every country so we are telling people something beyond that they give them that we give them the job we give them more which we have learned in the in you know in our company somehow and tell them something what how the world can look like and that makes a significant difference and if every company does it around the world and we can we are not elected we are appointed so we have easier ways to follow that through our organization we can't collectively make a huge difference as company and therefore I think it's more than just PR but I think it has significant impact on the mindset of our people which is positive for the countries which reality I don't have a lot of confidence in corporate firms to do that if it wasn't profitable I don't think they're gonna do that just to do it because they're good people and that's not in questioning the integrity of these firms let's just be honest these corporate firms are interested in profits first and foremost understandably and if it didn't affect their stock price to have a bad reputation you wouldn't see as much attention to corporate social responsibility so I just don't have that optimism that faith in the benevolence of corporations and that's not nor in any individual for them this is again something I'll ride and roll of course and I say Betty we are doing that law because we want to be good we are doing that because we benefit from that sure but on the other side the countries are benefiting from that as well we are doing that's the reason why I'm saying it's more pure it's more internally I want to talk about our vision for the future what globalization will look like ten years from now on the road to there we will go through a series of crises part of which will be economic crisis because of globalization because we also the business model of globalization need will need adjustments but part of that will be political or social crises now because it creates enormous pressure on the governance in on the identity of people in as more parts of the world as frank says will enter into that problem we will see more governance crises and more identity crisis or more eruptions of identity politics to hold on to something that people don't want to lose little is the economy were vulnerable in a more globalized world well I guess so I hope so I guess with the globalization we are in a situation of a bike I mean either it accelerates or one can imagine a scenario in which a wave of the new protectionist miss is really blocking it but I I'm optimistic I think that the globalization will continue I hope very much that there will be more agreement that Joseph was talking about some free segment of the society free institution the state the business and and civic society because more a better handling of globalization summary as for example securing some basic social standards of the employment not the wages obviously wages are different but the social standards minimal should be the same and that's something that could stabilize the globalization helping developing further and where does government play into all of this I mean how does governance and globalization go together I'd say the way the the states are going to thrive succeed in this era of globalization will be investments in education and investments in health and you look at other winners of globalization probably the only country to go from being a poor country to a rich country in our lifetime is South Korea and that's a country that has a very very strong state so so what Taiwan Taiwan maybe is a second but they're not it's not clear if their country but I think the tough call is how to be the strategic state that invests in the right and you know right investments over the next generation those are going to be the big winners question what does it mean a strong state because a strong state means affected states right doesn't mean necessarily an oppressive state right and I would say the better general economic knowledge these days the better the institutions the more effective the institutions of the state of the society the more likely it is to benefit from from the economic growth and from the globalization and all these trade agreements I mean is that destabilizing to forming a strong effective state I worry less about the trade agreements that I do about the international institutions like the IMF in the EU so I think that's more the dilemma we need to worry about when it comes to governance and distribution of revenue power I worry more about the IMF Frank you said that the globalization promotes peace yes what is that yeah I if I if I you know if I see in in our study connectedness and then I see that you know the countries who have the most connected countries in the world at the current stage have a very high Development Index and are now really peaceful countries in the Nordic countries the UK Netherlands Germany Singapore they all are very open I've had put some constantly under changed pressure and that's good and then they are very dipped into the changes and I think if we open borders more Columbia is a great example Colombia has changed from one extreme to past growing engine because they opened their borders they had a proper you know government now in place and you see that if countries are opening they become more stable countries for Human Development Index develops and that's the reason why I believe free trade agreements in a bhatia procedure whatsoever the TPP we all will help to make the countries which are participating better countries and therefore I'm very optimistic that globalization will create a lot of winners if we continue and create a significantly higher Human Development Index and that's a prerequisite for having peace and EU as a perfect sample that after a war which started from this country here we have peace for so long time never before in that region of the world is because we have EU and we should never forget that whatever happens at the moment and we have crises and with the euro but the real reason why this region of the world has been so stable and peaceful is because we created a union and that's terrific and we should continue to do so little can Li use example be extrapolated is globalization - yes although nowadays they you as so many fuckabish shortcomings in the institutional setting and so on and you must be improved as well but I I fully agree I mean for me the EU is an example still not ideally working by example how how the societies the nations should should cooperate and I fully agree with what Fran said I mean that's there and all that that's the example that if you start living together mixing the society you stop thinking about war sexuality because you start thinking about some nice and things like going to vacations to another country and meeting friends from that this the the logic of economic interdependence of incentives and opportunities didn't fully apply to Russia well Russia had begun to integrate but is in a way regressing because it's going on err on a rather nationalists not an integration it's not a cooperative political course so you see that you know there is no rule without an exemption or there there is not a strong linear process it's an opportunity there's a great chance but it's not a guarantee given the lessons learned by the --use experience what lessons can be learned globally well I agree with what Frank said I agree the EU is a success story it you know we need to give it credit despite my complaints about their management of southern Europe here's the dilemma though I think are we becoming a world of regions rather than a world of Nations that interchange on a more equal footing because you know we do have regions that are pretty much left out of the global game and they're the worst off I agree with your argument earlier so that's that uncertainty is that does that you create sort of a fortress around itself where it creates trade barriers it creates protection for you know certain commodities and prevents trade with some developing countries that's the uncertainty are we gonna have a world of regions rather than world of integrated nation-states yeah but I think if that Europe would start that they probably would do some who were China did 200 years ago then they felt you know this was the Richard country 200 years ago just when everything was aquaculture they closed their borders and said we are enough of ourselves they missed the Industrial Revolution and the world moved on in Europe and the u.s. became the powerhouse now they are adapting to the new world and now they become again that the powerhouse we were if you're a Braille says what we want to protect our standards let's build fences around that close the doors we were never you know we will Detroit withstand a significantly in a very short timeframe fair enough but a good example would be the the rules prohibiting the importing of agricultural goods from say sub-saharan Africa that really creates a serious disadvantage for sub-saharan Africa when it comes to the global economy and the EU protects French farmers they're imperfect institutions within de you everybody is saying accurately policy agriculture policy of the U is part of the idea and this policy is forcing that you to block the the imports of food from from sub-saharan Africa you overcome that certainty because you know if you are wealthy you are always concerned that it gets turn to the wrong direction you start protecting your standards you have achieved so what Europe needs is a vision what Europe could be in 20 and 30 years and I think Europe should have a vision to become the first secular economy summer so that you are really thinking about how we live in more balance with the environment and have really social standards which is not just for the people who are now living on that but also for the people in 30 years despite that the democracies are changing I think Europe has an opportunity to create a positive picture what can Europe achieve with all the power Europe airs but if you don't talk about that people are concerned that things are only will change to the words I think it's not the case but you need a positive picture what you're kidding right and speaking of opportunities we posed a question at the beginning of the show it was a globalization risk or opportunity gentlemen in just two or three sentences risk or opportunity it's a huge opportunity and I think we are on the unfortunately on the right path and we will see that we will globalized world even more to the benefit of many it is happening so it's both the risk and an opportunity but there's a lot of opportunity also to deal with the risks the opposite of a risk isn't an opportunity but it is both an opportunity and a constraint okay questioning our fundamental question thank you with some hidden risk obviously that must be taken care of okay so I think it's fair to say that our guests are cautiously optimistic about the way that globalization is changing our world that's all we have time for here on global talk my name is Sarah Kelley thank you very much for joining us and don't forget the conversation continues on Twitter you can follow me at Sarah Kelly TV thank you very much for watching I'll see you next time

Channel: DW News

Views: 39,250

Rating: 4.7799044 out of 5

Keywords: globalization, economy, equality, inequality, Deutsche Post DHL, PricewaterhouseCoopers, global talk, DW, Deutsche Welle

Id: QE8Dr556oC0

Length: 42min 33sec (2553 seconds)

Published: Sat Mar 14 2015