Globalization and its Discontents

Globalization has been both a force for good and ill in the world, argues Satheesan Kumaaran. Economies in conversion are often unable to exploit the benefits of liberal markets, the author says.

Globalization is undeniably the determinant force of the last decade, but what have been its effects? "Most developed countries and countries with economies in conversion are unable to exploit the opportunities of liberal markets. They are very vulnerable to the costs of adjustment. To strengthen their capacity to benefit from open trade and capital movements, good governance and effective implementation of the laws and rules are required, together with a wide range of necessary micro-economic reforms. Education and the creation of infrastructure for the better absorption and adaptation of more advanced technologies remain important."

Flops, brought to you by A.I.

"To err" is to be robotic — apparently.


KAZUHIRO NOGI
/ Getty Images
Technology & Innovation
  • About 3.1 million individuals could lose their job to self-driving cars.
  • A.I. is not a monolith. It makes a lot of mistakes.
  • To better understand how to navigate our economic future, we should pay attention to these mistakes.
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Russian reporters discover 101 'tortured' whales jammed in offshore pens

Protected animals are feared to be headed for the black market.

(VL.ru)
Politics & Current Affairs
  • Russian news network discovers 101 black-market whales.
  • Orcas and belugas are seen crammed into tiny pens.
  • Marine parks continue to create a high-price demand for illegal captures.
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NYTimes exposé reveals how Facebook handled scandals

Delay, deny and deflect were the strategies Facebook has used to navigate scandals it's faced in recent years, according to the New York Times.

(Photo by Chip Somodevilla/Getty Images)
Politics & Current Affairs
  • The exhaustive report is based on interviews with more than 50 people with ties to the company.
  • It outlines how senior executives misled the public and lawmakers in regards to what it had discovered about privacy breaches and Russian interference in U.S. politics.
  • On Thursday, Facebook cut ties with one of the companies, Definers Public Relations, listed in the report.
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