Christoph Eder, corporAID

Issue 86 - spring 2020

Christoph Eder, editor-in-chief of corporAID magazine
Christoph Eder, Editor-in-Chief

Globalization is often blamed for a number of things that do not run smoothly in our world. For example, it is particularly popular to base it on behalf of capitalism. It is therefore not surprising that she is now being held responsible for the first pandemic in 100 years. However, one should not forget that globalization has in the three decades since the collapse of real socialism brought a few billion people, mainly in emerging and developing countries, out of absolute poverty, saving millions of lives every year. At the same time, it has also led to the level of prosperity in Europe that is not least a prerequisite for our aging.

The coronavirus pandemic will not be the cause, but it will certainly be reason to question how globalization will be dealt with in the future and, above all, how it should be shaped. We are now being shown that greater resilience to acute faults is needed in Austria. It can be seen, for example, that Europe has become unilaterally dependent in some areas under the label of globalization - keyword China - and in others the balance between the just-in-time best bidder principle and security of supply in crisis situations has shifted somewhat. These negative consequences arise on the one hand from global networking, but the potential consequences are even more serious if globalization suddenly comes into question itself. Politicians are challenged to find balanced answers and a suitable regulatory framework.

This search must also take into account the opportunities for globalization, some of which have not yet been used. Precisely because many opportunities have arisen practically by themselves, this proactive dimension has received little attention in the past in Germany. In view of the economic crisis that will follow in Europe due to shutdowns and uncertainty, it will be particularly important to think globally and to motivate, promote and support companies in the coming months, particularly in emerging and developing countries worldwide to be successful with their innovative products and services. In such economic relationships in particular, the benefits for poorer regions of the world go hand in hand with jobs and prosperity in Austria.

With all the big questions, there is always the danger, in the face of insecurity, which calls for decisive action and uncertainties, which make planning difficult, to throw out the child with the bath, to be on the safe side. That should not happen. We do not need a fearful Biedermeier, but courageous global engagement.

Photo: Mihai M. Mitrea