Can Globalisation work?

The most recent years have either exposed serious flaws in liberal democracies or a model for globalization that was unsustainable, ill-designed and oblivious to the environment. Globalization was set to usher a new era of uninterrupted growth, with the distributional effects less uneven. As economies became increasingly interlinked, with economic and capital account liberalization incentivizing capital and financial flows across borders, countries with less developed financial markets were increasingly able to access foreign finance, innovation, and expertise. This made some countries richer and groups within…