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Globalization—In the Name of Which Freedom?

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  • Jeffrey D. Sachs

    (Columbia University)

Abstract

I consider four waves of globalization. The first is Commercial Capitalism (1500-1800), following the voyages of Columbus and Da Gama. The second is Industrial Capitalism (1800-1950), following the industrial revolution led by the steam engine and mechanization. The third is the Era of Convergence (1950-Present), following the end of the European empires after World War II. The fourth is the New Globalization (Present-2100) marked by three decisive trends: the relative rise of Asia, the Information Revolution, and the stark crises of Planetary Boundaries. I argue that modern globalization must urgently establish a new moral basis and the cultivation of virtues in order to achieve Sustainable Development.

Suggested Citation

  • Jeffrey D. Sachs, 2017. "Globalization—In the Name of Which Freedom?," Humanistic Management Journal, Springer, vol. 1(2), pages 237-252, April.
    • Handle: RePEc:spr:humman:v:1:y:2017:i:2:d:10.1007_s41463-017-0019-5
    DOI: 10.1007/s41463-017-0019-5
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    Cited by:

    1. Michael Pirson, 2017. "In a Time of Global Upheaval- Humanistic Management Thinking Needed More Than Ever," Humanistic Management Journal, Springer, vol. 1(2), pages 155-157, April.
    2. Michael Pirson, 2018. "Reclaiming our Humanity- a Cornerstone for Better Management," Humanistic Management Journal, Springer, vol. 2(2), pages 103-107, February.
    3. Lerzan Aksoy & Hooria Jazaieri & Yuliya Komarova Loureiro & Katherine Milligan & Jeffrey Nesteruk & Raj Sisodia, 2019. "Transforming Business Education through Social Innovation: from Exalting Heroes to Engaging our Humanity," Humanistic Management Journal, Springer, vol. 4(2), pages 239-259, December.
    4. Frederick Ahen, 2019. "Globalisolationism and its Implications for TNCs’ Global Responsibility," Humanistic Management Journal, Springer, vol. 4(1), pages 33-54, July.

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