The expansion of capitalism and neoliberal ideologies have
delivered economic integration between countries and brought global
inter-connectedness to individuals. So why do so many people now
feel that they are 'citizens of nowhere', disparaged by the
'cosmopolitan elites'? Has democracy and the power of nation states
been irredeemably weakened by unfettered global finance, opaque
forms of global governance, and the power of transnational
corporations? Can the huge rise in social and economic inequality
be reversed? Can diverse cultural expression be maintained in a
globalizing world? In the context of the current nationalist
backlash and the momentous impacts of the COVID-19 pandemic, this
thought-provoking volume considers whether globalization is dead or
whether it will survive, and perhaps transform. Written in a clear
and engaging style, the volume traces the development of economic
globalization starting from the first wave of colonialization in
the 15th century, through the first period of globalization at the
end of the 19th century, and up to the contemporary period of
globalization that started in the 1980s and appears today to be
teetering on the brink of collapse. It explores the impacts of
globalization on today's world, from global supply chains and tax
havens to rising economic inequality, climate change and pandemics,
and assesses the different impacts on rich and poor countries, and
on the rich and poor within countries. It then reviews the growing
anti-globalization sentiment, starting from the anti-IMF protests
that raged through developing countries in the 1980s and 1990s, to
the emergence of the transnational anti-globalization movement of
the 2000s, to more recent uprisings such as the Arab Spring, The
Occupy Movement, the Gilets Jaunes, and to the current populist
nationalist backlash led by President Trump and embodied in the
2016 Brexit vote. Sensing that globalization has reached a tipping
point, the book considers a range of possible scenarios for the
future world order, including nationalism, authoritarianism and
democratic globalism. Finally, it explores whether globalization
can be democratized in a world in which effective and inclusive
global governance is crucial to solving global problems, such as
tackling climate change, controlling global pandemics and upholding
universal human rights.
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