The Unequal Effects of Globalisation

What this episode covers

According to Pinelopi Koujianou Goldberg, former Chief Economist of the World Bank Group, the recent retreat from globalisation has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalisation, or are we at the beginning of a new era of deglobalisation? In her address to the IIEA, Professor Goldberg argues that the answer depends on the policy choices we make, and in her latest book, The Unequal Effects of Globalization, she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. About the Speaker: Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and an Affiliate of the Economic Growth Center at Yale University. From November 2018 to March 2020, she was the Chief Economist of the World Bank Group. Professor Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011 to 2017, she was Editor-in-Chief of the American Economic Review. She is a member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences.

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