The Limits of Globalized Solutions?

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In a piece over at Foreign Affairs’ revamped Website, Rawi Abdelal and Adam Segal echo what I’ve been saying about the impact of the global financial crisis on this round of globalization. Namely, that as big as the economic challenges of the crisis are, the political challenge it presents might be bigger: The current crisis has caused the destruction of value, the contractionof capital, a decline in consumption, and an increase in unemployment.But its ultimate impact may be even more pervasive, because the crisishas further undermined the political legitimacy of the free movement ofcapital, goods, and services. The legitimacy problem […]

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