The Globalization Backlash

In case you’re not in the practice of doing so, I highly recommend clicking through to WPR’s daily Media Roundup as a supplement to your regular news aggregator if you have one, or as an intelligent survey of the morning’s top news and commentary if you don’t. That’s where I ran across this Henry Kissinger op ed on the globalization backlash and what to do to keep it from gathering steam. The irony of the current wave of protectionist sentiment is that it’s coming from the “consumer” nations, and is accompanied by the growing sentiment that globalization poses not only […]

The Globalization Backlash

Mark Thirwell of the Lowy Interpreter points out that globalization’s successes were already generating the beginnings of a backlash within the developed world, and argues that the advent of the subprime failure makes one even more likely. I’d point out that the Asian financial crisis and the internet bubble had already raised some red flags about the potential dangers of globalization, albeit in a different historical context. But Thirwell’s point is well taken. So many of our futurist scenarios are based on the assumption that barriers to trade will continue to fall, and in the context of a global order. […]

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