“Moralization” or “Re-moralization” of Globalization?


The World Economic Forum Annual Meeting is being held from 22—25 January 2019 in Davos-Klosters, Switzerland. The 2019 event will focus on the theme, ‘Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’. The stated mission of the World Economic Forum is to improve the state of the world. I came across a statement of Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, in which he says a “re-moralization” of globalization is needed. He said globalization produced many “winners” over the last generation or so. “But now we have to look after the losers, after those who have been left behind.” The intensity of this revealing statement drove me to write this piece and its title in the form of a question is equally revealing. This question needs to be earnestly answered if any meaningful dialogue has to happen for the required course correction.