Grave new world : the end of globalization, the return of history
Stephen D. King
- New Haven ; London : Yale University Press, 2018.
- x, 290 p. ; 24 cm.
Prologue: a Victorian perspective on globalization -- Introduction: the Andalucian shock -- Paradise lost. False prophets, harsh truths -- The new imperium -- Relative success -- Pride and the fall -- States, elites, communities. Globalization and nation states -- The spirit of elitism -- Competing communities, competing histories -- Twenty-first-century challenges. People and places -- The dark side of technology -- Debasing the coinage -- Globalization in crisis. Obligations and impossible solutions -- Epilogue: a 2044 Republican fundraiser.
A look at the end of globalization and what it means for prosperity, peace, and the global economic order. 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 an 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. He uses lessons from history to see how best to avoid the worst possible outcomes.