Our institute's agenda is relatively simple. We study the relationship between social-economic change and culture. By culture we mean beliefs, values and lifestyles. We cover a broad range of issues, and we work very internationally.
The negative side to globalization is that it wipes out entire economic systems and in doing so wipes out the accompanying culture.
We also have a cultural phenomenon: the emergence of a global culture, or of cultural globalization.
When certain branches of the economy become obsolete, as in the case of the steel industry, not only do jobs disappear, which is obviously a terrible social hardship, but certain cultures also disappear.