Globalization After Neoliberalism: Disruption, Distribution, & Democracy in the World Economic Order
Inequity-fueled populism, along with financial crises and a pandemic, have disrupted the neoliberal economic order. Its’ legal pillars and institutions are challenged and there are calls to reform both trade and investment law. As the globalization constructed in the 1990s unravels, we must look for new approaches to the world economy. While some think that the current crisis is an aberration and hope to revert to the “golden era” of neo-liberalism and the old WTO, this panel argues that there can be no such return. Open markets and restraints on state action did help many emerge from poverty but millions lost jobs or saw wages stagnate. Some countries gained but others fell behind. Promises that trade would promote peace seem hollow as geo-economic tensions escalate. In this panel, four international trade and investment law scholars critique the political economy underpinning the neoliberal regime, outline ways to think about law and world order after neoliberalism, explore how we might build a more democratic and equitable form of globalization, and debate alternative futures.
Dan Danielsen (Northeastern University School of Law)
David Singh Grewal (UC Berkeley School of Law)
Sonia Rolland (Northeastern University School of Law)
Alvaro Santos (Georgetown University Law Center)
David Trubek (University of Wisconsin School of Law)
*This event is co-sponsored by the Center for the Advancement of the Rule of Law in the Americas (CAROLA) at Georgetown Law.