Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth, nor are their leaders able - or willing - to sell the idea of pursuing a global agenda of prosperity to their citizens.
Combining historical analysis with current affairs, economist Stephen D. King provides a provocative and engaging account of why globalization is being rejected, what a world ruled by rival states with conflicting aims might look like, and how the pursuit of nationalist agendas could result in a race to the bottom. King argues that a rejection of globalization and a return to "autarky" will risk economic and political conflict, and he uses lessons from history to gauge how best to avoid the worst possible outcomes.
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A misleading story!
I find his style very cynical. The arguments used in this book can EASILY be used to support Globalization. I would argue that he tries hard to make points by creating his own set of benchmarks.
Not ALL citizens around the world have to be billionaires! If ALL are doing better while some more than others IT IS OK! If you hate that some are doing better than you but you are also doing better it is called "jealousy" not a Grave New World.
There is a problem IF some are doing better and others worse.. that is a REAL problem. Has Globalization made some of those, no doubt but OVERALL it has done more good than evil.
Globalization and The New World: Taking a New Twist in its Own Evolution
Read the book trying to use his arguments to see the positive side of Globalization and you will enjoy the book much more.
- Ricardo Ernst
Eye opening and action inducing
- ADELINA PELTEA