Making Sense of Globalization in the 21st Century

Andrew Sheng discusses the complexities of globalization, highlighting its benefits and downsides. He emphasizes the need for a new framework to address 21st-century challenges, such as inequality, climate change, and technological disruption. Sheng critiques outdated economic models and stresses the importance of adapting to a multipolar world order. He warns of the potential for increased conflict and migration due to climate change and economic disparities.

What does Andrew Sheng suggest about the relationship between economic models and human behavior?

What is the significance of the term 'high income trap' as discussed in the text?

What does the text imply about the future of humanitarianism in the context of economic sustainability?

How does Andrew Sheng propose to address the issues caused by globalization and climate change?