Making Sense of Globalization in the 21st Century

It’s futile and dangerous to use 19th or 20th century glasses to look at 21st century problems, says Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong. To understand climate change, social inequality, and technological disruption, we have to dispense with the old ways to think about globalization. In a complex world, we’ll experience more “black swans”, and the things that standard economic models assumed away will matter much more. Simplistic concepts can no longer be used to explain the interaction of human beings in a much more complex world.