num_pages: 400
description: Since the financial crisis of 2008 many of us have had to reexamine our beliefs about markets and globalization. How integrated should economies really be? How much regulation is right?Many people fuse these two dimensions of choice into one either favoring both globalization and deregulationor opposing both of them.It doesnt have to be that way.In World 3.0 award-winning author and economist Pankaj Ghemawat reveals the folly in both of these responses. He calls for a third worldviewone in which both regulation and cross-border integration coexist and complement one another.Ghemawat starts by exposing common assumptions about globalization to hard data proving that the world is not nearly as globalized as we think. And he explains why the potential gains from further integration are much larger than even pro globalizers tend to believe. He then tackles market failures and fearsjob losses environmental degradation macroeconomic volatility and trade and capital imbalancesthat opponents of globalization often invoke. Drawing on compelling data he shows that increased globalization can actually alleviate some of these problems. Finally Ghemawat describes how a wide range of playersbusinesses policy makers citizens mediacan help open up flows of ideas people and goods across borders but in ways that maximize the benefits and minimize the potential side effects. World 3.0 dispels powerfully entrenchedbut incorrectassumptions about globalization. Provocative and bold this new book explains how people around the world can secure their collective prosperity through new approaches to cross-border integration. Ghemawats thinking will surprise and move youno matter where you stand on globalization.World 3.0 reveals how we're not nearly as globalized as we think we are and how people around the world can secure their collective prosperity through new approaches to cross-border integration. Provocative and bold this new book will surprise and move you no matter where you stand on globalization.
language: English
title: World 3.0: Global Prosperity and How to Achieve It
publisher: Harvard Business Review Press