Javier Díaz-Giménez, professor at IESE and holder of the Cobas AM chair: 'It is not globalization: it is technology. Trump should be more Luddites'
Economist Javier Díaz-Giménez argues that technology, not globalization, is reshaping the world, urging Europe to decide its role amid these changes.
Javier Díaz-Giménez, a prominent economist and professor at IESE, emphasizes that the current global changes are primarily driven by technology rather than globalization itself. His commentary sheds light on the disruptive influence of technological advancements, particularly in the context of the rising power of China, which he believes is redrawing the global economic map. He argues that these shifts necessitate a thoughtful response from Europe, urging the continent to determine whether it wants to be a leading actor in this new world stage or merely a bystander.
In his analysis, Díaz-Giménez juxtaposes various global issues—ranging from public deficits to the geopolitical dynamics of the Arctic and trade tariffs—illustrating how interconnected and multifaceted the current economic landscape has become. He warns that the decisions made today will shape not only Europe’s immediate future but also its long-term role in global affairs. The reference to Trump's potential embrace of Ludditism underscores his belief that a more cautious, critical approach to technological disruption is required, rather than outright opposition to progress.
The piece also features insights from Paul Collier, an Oxford professor, who stresses the importance of solidarity among territories for a viable nation, thereby complementing Díaz-Giménez's call for unity in the face of technological and economic transitions. This conversation opens a broader dialogue about the responsibilities and strategies needed for nations to navigate the challenges posed by rapid innovation while maintaining social cohesion and economic stability.