And the illicit trade in narcotics, weapons, labour, goods and money contributes to crime and violence that threaten neighbourhoods around the world. We need a new approach to governance, one that preserves the advantages offered by global markets and competition while allowing for human, community and environmental resources that will ensure globalization works for people and not just for profits. The Report calls for a re-writing of governance for the 21st century. There is no need to wait for action, it argues. The world is rushing headlong into greater integration, driven mostly by a philosophy of market profitability and economic efficiency.
Globalization needs a human face.
The Report looks beyond per capita income as a measure of human progress by also assessing it against such factors as average life expectancy, literacy and overall well-being. This year s Report focuses on the positive and negative aspects of globalization. It argues that while many millions of people are being further marginalized by their lack of access to new technologies, including the Internet, growing inequalities are not inevitable. It urges policymakers to balance their concern for profits with concern for people disenfranchised by the turmoil of the global marketplace.