Deglobalization 2.0


Deglobalization 2.0

Trade and Openness During the Great Depression and the Great Recession

9781839108402 Edward Elgar Publishing
Peter A.G. van Bergeijk, Professor of International Economics and Macroeconomics, International Institute of Social Studies, Erasmus University, The Hague, the Netherlands
Publication Date: 2020 ISBN: 978 1 83910 840 2 Extent: 224
Deglobalization 2.0 argues that Trump and Brexit are the symptoms, and not the causes, of a long sequence of alternating phases of globalization and deglobalization driven by increasing income inequality and the retreat from the global stage by a contested hegemon. Providing rich empirical details, Peter van Bergeijk investigates similarities and differences between the Great Depression of the 1930s and the Great Recession and its aftermath of a slowdown in global trade. Providing an overview of recent findings and a discussion of contributions from several disciplines, the book investigates scenarios for the future of the economic world order and proposes possible solutions.

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The rapid integration of global governments, businesses and capital has faced a dramatic and often hostile backlash in recent years. As populist agendas worldwide gain momentum, Deglobalization 2.0 explores the key drivers of reactionary movements.

From the ‘Make America Great Again’ movement in the US, to Continental European populism, Peter van Bergeijk explains the critical catalysts of anti-globalization sentiment. Through a historical lens, this book draws out similarities and differences between contemporary developments and the economic crises of the 1930s, offering a unique understanding of the political and economic drivers of deglobalization. Focusing on wealth inequality, social uncertainty and international competition for economic supremacy, van Bergeijk examines and offers answers for the lacunae in the globalization debate.

Provocative, insightful and accessible, this book confronts the deglobalization issue as a matter of real urgency and is thus vital reading for policy makers and managers working in international affairs and economic relations. It also offers guidance for academics in international economics and relations moving into the uncharted territory of deglobalization processes.

Critical Acclaim
‘Van Bergeijk does a great job of challenging some common assumptions about the benefits of trade openness, and states would do well to heed his cautions against over-commitment to economic integration without thinking hard about the distributive costs of such an exercise.’
– Mzukisi Qobo, South African Journal of International Affairs

‘This is an insightful and thought-provoking book that ranges widely in its analysis of deglobalization. All students of the international economy should read the latest work of this well-respected economist.’
– Andrew K. Rose, University of California, Berkeley, US
Contents: Preface 1. Spoilers 2. Setting the stage 3. Deglobalization is not new! 4. What drives deglobalization? 5. Is deglobalization good or bad? 6. The future of deglobalization References Index
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