Globalisation must work for as many regions as possible

Advanced economies have started to engage more pro-actively in designing, promoting and implementing a range of policies that aim to address the concurrence of two powerful and irreversible forces: one is the urgency of addressing societal and existential threats (including income inequality, joblessness, deindustrialisation, climate change, health and aging), and the other is the disruptive unfolding of new technologies (4.0 technologies). Responding to these challenges marks a pivotal moment for the global economy which will impact on places and with their firms, labour, citizens and the natural environment. This exchange paper advocates for a more meaningful continuum between the global, national and regional scales in a multipolar world.