Economic globalization is at once a factor of growth and a source of social transformation. It allows economies of scale to be produced but at the same time separates producers from consumers (as well as from other producers). It in this way contributes both to the unraveling of the social fabric and the increase of transportation costs. In a context marked by increasingly scarce raw materials and growing carbon emissions, one must ask whether the modes of exchange that presently dominate the world economy are viable.
Confronted with these challenges, will it be necessary to “relocalize” exchange flows or, indeed, return to economic protectionism? This is doubtful. What’s more, it is advisable to look for a way out of the present dichotomy between local autarchy and total immersion in an undifferentiated world market. The problem must be reformulated. Governance is practiced at various levels, from the local to the global. Similarly, no social problem can be adequately dealt with at just one level. The economy is no different and should not be studied in these terms.
It is in this aim that IRE organizes events and proposes analyses and studies of the processes of globalization, the organization of exchange, the return to protectionism, fair trade, the regulation of global trade, the relation between law and globalization, global taxation and so on.