Interview: The Globalization Paradox
Recently, KCG Managing Director Prof. Holger Görg gave an interview to the Capital magazine to discuss about the Globalization Paradox gradually emerging in many countries in the world, the future and the challenges of globalization and the role of emerging economies in the world economy. In the interview he also shares his views of the current development and future perspective of Germany’s economy and of whether China’s “weaker” economic development is or may become a substantial challenge for both the German industries and the world economic growth.
Germany’s economy benefitted a lot from foreign trade and from the globalization. In the future he expects that foreign trade would still grow at a high rate, though not at a substantially high rate as before. More needs to be done to further improve the distribution of the benefits of globalization over different groups of stakeholders and countries. A fairer distribution is a key base for further fostering trade and globalization.