Twelfth Global Studies Conference

Abstract

Globalization can´t provide answers to the necessity of economic growth, especially in the majority of developing countries. Many aspects related to the explosion of globalization such as the uncontrollable flow of capital, the growth of cryptocurrencies, or technological unemployment, affect many countries, but their governments are incapable to reduce the impact. The reason is related to the fact that there is no use for one country to adopt measures that are in opposition to these harms if other countries do not. The case of technological unemployment is proto-typical: one of the measures that have been considered in several countries is the reduction of working hours, mainly in sectors where the use of robots or automation equipment is more widespread. There are countries where after much discussion these measures began to be implemented. The problem is that after some years all those countries noted that the reduction of weekly hours would only be effective if one day every country in the world implement the same measure. Due to globalization, corporations no longer seek these countries that have reduced their working hours, but they rather go to countries where there is no limit on hours worked. The present paper intends to discuss this kind of issue related to the weakness of the states. Dani Rodrik is one of the most important authors that has raised this theme. We intend to use his concepts focusing on the problems faced by emerging countries and proposing some worldwide solutions.