Grave New World: The End of Globalization, the Return of History

Grave New World: The End of Globalization, the Return of History

by Stephen D. King


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A controversial look at the end of globalisation and what it means for prosperity, peace, and the global economic order

Globalisation, 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 globalisation 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 globalisation 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.

Product Details

ISBN-13: 9780300218046
Publisher: Yale University Press
Publication date: 05/23/2017
Pages: 304
Sales rank: 796,689
Product dimensions: 6.10(w) x 9.40(h) x 1.30(d)

About the Author

Stephen D. King is a specialist adviser to the House of Commons Treasury Committee and senior economic adviser at HSBC.

Table of Contents

Preface to the Paperback Edition ix

Prologue: A Victorian Perspective on Globalization xi

Introduction: The Andalucían Shock 1

Part 1 Paradise Lost

1 False Prophets, Harsh Truths 17

2 The New Imperium 33

3 Relative Success 46

4 Pride and the Fall 62

Part 2 States, Elites, Communities

5 Globalization and Nation States 79

6 The Spirit of Elitism 104

7 Competing Communities, Competing Histories 116

Part 3 Twenty-First-Century Challenges

8 People and Places 151

9 The Dark Side of Technology 175

10 Debasing the Coinage 190

Part 4 Globalization in Crisis

11 Obligations and Impossible Solutions 215

Epilogue: A 2044 Republican Fundraiser 247

Notes 251

Bibliography 264

Acknowledgements 271

Index 275

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