Looming trade wars and rising nationalism have stirred troubling
memories of the 1930s. Will history repeat itself? Do we face the
chaotic breakdown of the global economic system in the face of
stagnation, protectionism and political tumult? Jeremy Green argues
that, although we face grave problems, globalization is not about
to end. Setting today's challenges within a longer historical
context, he demonstrates that the global economy is more
interconnected than ever before and the costs of undoing it high
enough to make a complete breakdown unlikely. Popular analogies
between the 1930s and today are misleading. But the governing
liberal ideology of globalisation is changing. It is mutating into
a hard-edged nationalism that defends free markets while
reasserting sovereignty and strengthening borders. This 'national
liberalism' threatens a much more dangerous disintegration, fuelled
by inequality and ecological crisis, unless we radically rethink
the international status quo. This brilliantly original account of
the discontents of globalization is a must-read both for concerned
citizens and students of global political economy.
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