Grassroots Globalization

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While the concept of financial inclusion generally refers to individuals and households on the margins of the banking system, similar economic and moral principles apply to whole communities, countries, and regions within the global economy. In each case, the fundamental task is to connect economic actors to opportunities in ways that will redound to everyone's benefit. How people are brought into the fold is just as important as whether they are. After decades of unilateral, paternalistic, top-down approaches to globalization, it is clear that broad-based cooperation is key.

How can we rethink bilateral and multilateral arrangements to maximize opportunities and economic access at all levels of development? What will it take to ensure that technologies developed in aging advanced economies are deployed appropriately in younger, labor-abundant developing countries? What new structures are needed to manage sovereign debt in a dollar-dominated global monetary system? How can trade arrangements be updated to address legitimate social, political, and environmental concerns? What international arrangements are needed to maximize the benefits and limit the disruptions of immigration?



Moderator: Jo Coburn
Session One – Grassroots Globalization: Beyond the Pre-COVID Consensus Long before the pandemic had exposed deep structural weaknesses in the twenty-first century global economy, many observers had come to question the prevailing one-size-fits-all approach to multilateral governance and economic development. How can international organizations and legal/economic frameworks be reformed or complemented to accommodate countries at all levels of development, and to ensure that more people and communities can participate in the global economy and multilateral initiatives on their own terms?
3:00PM Panel Discussion and Q&A with International media
  1. Ambroise Fayolle, Vice President of the European Investment Bank
  2. Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst
  3. Hannah Ryder,  CEO of Development Reimagined
  4. Yanis Varoufakis, former Finance Minister of Greece

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