Biblical Requisites and Implications for Economic Globalization

Abstract: Economists have long contended that globalization generates massive gains in efficiency, output, choice, and agency around those choices. Yet, for a broad swath of the public, the economic case for globalization may not be viewed as decisive as it once was. Forces favoring populism and nationalism are on the rise. An ally for economics in providing foundational support for globalization can nonetheless be found in theology. A theological case for globalization can be grounded in our shared humanity and can complement the economic case. However, theology also provides a basis for the reform of economic globalization that may be at odds with contemporary economic and political practices. Accordingly, this article explores how this theological account not only gives foundational support for economic globalization but also serves as a basis for its reform.

Part of a symposium on globalization, including responses by Dean and Waters in this issue, and also Yuengert’s lead article.