The end of globalization (and the beginning of something new) | Mike O’Sullivan
Recommended by Sri Jose T. Thomas
“Globalization is on its deathbed,” says economist Mike O’Sullivan. The question now is: What’s next? Tracing the historical successes and failures of globalization, O’Sullivan forecasts a new world order where countries come together over shared values rather than geography. Learn how big regional powers like the United States and China will be driven by distinct ways of governing trade, technology and people — while smaller nations will forge new alliances to solve problems.
The world is at a turning point. While globalization benefited many, it produced extremes with drastic wealth inequality, indebtedness, and political volatility among the most important. As the ground underneath globalization undergoes tectonic shifts, noisy, chaotic, and disorderly events–such as Brexit and the election of Donald Trump–are the first harbingers of a world being turned upside down.
In this book, Michael O’Sullivan shows the many ways the levelling of the twenty-first century will unfold: The levelling-out of wealth between rich and poor countries; of power between nations and regions; of political accountability and responsibility between political leaders and “the people”; and of institutional power–away from central banks and defunct twentieth-century institutions such as the WTO and IMF.
The Levelling comes at a crucial time in the rise and fall of nations and has special importance for Americans as their place in the world undergoes radical change–the ebbing of their influence, profound questions over their economic model, the apparent decay in their society, and turmoil in their public life– before their very eyes.
